New car sales showed accelerated growth, up 16.5% in August 2022 from the same month a year earlier, according to data National Institute of Statistics and Geography (Inegi).
Last month they sold 91 thousand 124 unitsabove 78 thousand 235 as of August 2021, according to the data of the Autonomous Institute.
This growth is higher than the annual increase of 1.2 percent, which was reported in July last year. In addition, in a monthly comparison, growth is 9.6 percent on 83 thousand 137 units sold in the seventh month of 2022.
In terms of August 2019 figures, there is still a 15.7 percent contraction, so levels have not recovered yet as automotive section still suffers from a shortage of semiconductors.
“Inventory uncertainty persists differently among brands on the market, even though August results reflect an improvement in this regard,” said Guillermo Rosales, executive president of the Mexican Automobile Dealers Association (AMDA).
Due to the lack of inventory, what the union said is rising prices even higher than the general inflation in the country.
So waiting AMDA sales for 2022, integrating the results of August, is that the market closes in numbers close to 1 million 38 thousand units, that is, bringing the market to a level higher than that achieved in 2021, albeit with a lead of 2.3 percent.
automotive industry in mexico It is estimated that the shortage of semiconductors will affect factories in the country until mid-2023, and the level of supply of electronic components will stabilize.
This will balance the demand for new cars worldwide and the supply of units.
Source: Heraldo De Mexico
David Ortiz is an opinionated and well-versed author, known for his thought-provoking and persuasive writing on various matters. He currently works as a writer at 24 news breaker, where he shares his insight and perspective on today’s most pressing issues. David’s unique voice and writing style make his articles a must-read for those seeking a different point of view.