Domestic auto industry rising
THE NEWS
The domestic auto industry reported new record figures for production and export in November. Light weight vehicle production surpassed 3 million units. Domestic sales surpass the crisis of 2008-2009 number of sales. Over one million units orders were placed.
According to the president of the Mexican Association of the Automotive Industry (AMIA), Eduardo Solís Sánchez, vehicle production last November grew 11.4 percent compared to the same month of 2013. The total number of automobiles made in that time was 284,816 which added to the 3,011,288 cars built during the year.
He added that exports grew 5.8 percent in November with the sale abroad totaling 237,923 units and a cumulative to yearly sales of 2,447,796 vehicles.
Solís Sánchez said that production and export continues to accumulate historical figures, both for November and 2014.
The director general of the Mexican Association of Automobile Dealers (AMDA), Guillermo Rosales Zárate, meanwhile reported that for the first time in six years the crisis of 2008-2009 in terms of domestic sales was exceeded.
He said sales in the eleventh month of 2014 stood at 111,645 units, which meant an improvement of 11.22 percent over the same month last year totaling 1,002,136 units sold in the year, 6.2 percent more than the first 11 months of 2013.
Rosales said that the placement of subcompact vehicles is on the rise, with 17 percent more units sold so far for the year, a 7.0 percent rise in multipurpose vehicle sales and 6.1 percent rise in sports units.
He said that this increase is due to the incentives from the domestic market, stemming from profit margins from distributors and manufacturers. “At no time before has there been such favorable conditions for consumer,” he said.
However, sales of lightweight trucks dropped to 4.3 dropped percent, compact vehicles were down by 4.0 percent and luxury car sales dropped by 1.8 percent.
He said the automobile industry supports actions relating to the importation of vehicle scrap, which last October dropped by 16,772 units, totaling to an accumulated drop of 22.4 percent, while in October of 2014 there was a 35.3 percent drop.
Rosales said that last September when the export licenses were made mandatory no stolen vehicles were reportedly imported in from the United States.
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