The sales of new vehicles in Mexico rose 16 percent in July compared to June, for a third consecutive increase, despite the novel coronavirus pandemic, the National Institute of Statistics and Geography (Inegi) said on Tuesday, Aug. 4.
According to the independently run agency, the country sold 72,897 units in the seventh month of the year, compared to 62,837 in the previous month.
The July figure, however, was 31 percent lower than the same month of 2019, Inegi said.
The deputy general director of the Mexican Association of Automotive Dealers (AMDA), Guillermo Rosales, said the rise in sales showed the impact of the pandemic and subsequent lockdown was greatest in April, and has been steadily abating since.
“July’s positive performance in the automotive market with respect to the previous months is explained by the reopening of sales floors in most of the country,” Rosales said in a statement.
Cumulative sales from January to July reached 509,318 units, representing an annual drop of 31.7 percent, according to the AMDA.
Sales began to drop in March, coinciding with the emergence of the first cases of the coronavirus, which has claimed more than 48,000 lives in Mexico.
Starting June 1, Mexico began to gradually reactivate some sectors of the economy.
…Aug. 5, 2020