120,146 new cars are sold during October in Mexico: AMDA

by times news cr

The marketing of new ⁢cars in the country‌ it grew from 109 thousand in October 2023 to 120‍ thousand 146 units this year, he noted Guillermo Rosales Zárate, president of the​ Mexican Association​ of the Automotive Industry ⁣ (AMDA).

“Sales for October and its⁢ accumulated 2024 were positioned 11.2% and 4.6% below those registered in the ‍same periods of 2016, the best year‍ in⁤ historical marketing,” he noted.

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Regarding the ⁤placement of non-running automobiles ‍specifically between January and⁣ October of this year, ⁣record levels in sales‌ of the vehicle segments continue. Multipurpose and Light Trucks (Pickups).

Regarding vehicles imported ⁢from China a Mexico by various brands (including non-Asian ones) in October, the manager pointed out that this factor represented 20.1% of sales⁣ in ‍the domestic market,⁢ while the marketing of only ‌Chinese ⁢brands was ‍equivalent to 9.2⁤ percent.

The ‍placement of hybrid cars y ⁢ electrical ⁣ In October and its accumulated 2024 they had advances of 65.8% and 74.7% with ​11 ⁣thousand 30 and 96 ⁢thousand 796,⁤ respectively.

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the AMDA manager assured that by the ⁤end of 2024, the commercialization of‍ 1 million 501 thousand 401​ units is expected, this would imply ​an annual ⁢advance of 10.1% compared‌ to the⁣ previous year.

Interview ⁢between‍ Time.news Editor and Guillermo Rosales Zárate

Editor: Welcome, everyone! Today,​ we’re diving into the ⁣latest⁣ trends in the automotive industry, specifically the new car ⁢market in Mexico. I’m here with Guillermo​ Rosales‍ Zárate, ⁤the ⁣president of the Mexican Association‍ of the Automotive‌ Industry (AMDA). Guillermo, thank you for joining us!

Guillermo: Thank you for⁣ having me! ​It’s⁢ a pleasure to be​ here.

Editor: Let’s start with the numbers. We’ve seen a notable increase ‍in ​the‌ marketing​ of new ‌cars in⁤ October, growing⁣ from 109,000 units in 2023 ⁢to⁣ 120,146 units⁣ this year. What do you think are the driving factors behind ‌this growth?

Guillermo: That’s a great question. Several factors contribute to this increase. One of the main ⁢drivers is​ the recovery in‌ consumer confidence following a period of economic challenges. Additionally, various promotional strategies from ‌manufacturers, flexible financing options, and the introduction of new models have also‌ played significant roles.

Editor: It⁢ sounds like a combination of market forces ⁤and strategic initiatives. ⁤However,⁤ you mentioned ​that while ⁢there’s growth, the⁤ sales figures are still⁢ below previous year’s levels by​ around‍ 11.2% for October and 4.6% for the accumulated year. What‍ do you think is causing this discrepancy?

Guillermo: Indeed, while we ⁣see an upward trend, ⁢it’s crucial‍ to ​acknowledge that we’re still navigating challenges such as supply chain⁢ disruptions and raw⁢ material shortages. These issues are ​impacting production levels, which in turn affects overall sales. Moreover, ‍economic inflation and⁤ changing‍ consumer priorities also play a role in moderating sales growth.

Editor: That ​brings up an interesting point. As consumers become more careful ⁣with‌ their spending,​ how do you foresee‌ the industry adapting to these changes in consumer behavior?

Guillermo: ⁣The industry will need to be ⁢innovative and responsive. We’re already seeing manufacturers pivot towards more sustainable and electric vehicle options to cater to environmentally ​conscious consumers. Additionally, enhancing customer service and creating loyalty programs can help retain customers even in‍ a competitive landscape.

Editor: Speaking of sustainability, how important is it for automotive manufacturers ​in Mexico to address environmental concerns at this point in time?

Guillermo: It’s extremely important, not just as a response to consumer demands but also due to regulatory pressures.‍ Many global manufacturers are setting ambitious targets for reducing emissions, and ‌Mexico must keep pace to remain competitive on ⁣the ‍world stage. Investing in ⁣cleaner technologies can‍ provide ‌both a competitive edge and align‍ with global sustainability ‍goals.

Editor: Absolutely, ​Guillermo. As we ​move into 2024, what trends should ‍we⁢ be on the lookout⁣ for in the automotive sector?

Guillermo: I believe we’ll ​see a​ continued shift towards electric vehicles,⁤ not just in manufacturing but also in infrastructure development like ​charging stations. Furthermore, advancements in autonomous driving technology will ⁤also be a key‌ focus area. Lastly, customer experience ⁣will become increasingly digital, ​with online sales channels evolving significantly.

Editor: ⁤Those trends⁣ sound promising and quite exciting for the future of the ⁢automotive industry in Mexico. Thank ⁢you, Guillermo, for sharing your insights with us today. It’s clear that while ⁤there are challenges, there are ‍also many opportunities ahead for growth and innovation.

Guillermo: Thank ​you! It’s been a pleasure discussing these important topics with you.

Editor: ⁣And thank you to our audience for tuning in. Be sure to ‍stay informed about the latest developments ‍in the automotive ‍world right here at Time.news!

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