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Home Automotive

General Motors Remains the Leading Importer from China for the Mexican Market

In the January-July 2024 period, a total of 551,938 units have been imported, solidifying General Motors' position as the top importer of vehicles from China to Mexico.

T21 Media by T21 Media
13 August, 2024
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In the accumulated period from January to July 2024, sales of light vehicles in Mexico reached a level of 833,411 units , which represented an increase of 12.02% compared to the same cycle in 2023, according to data from the Administrative Registry of the Industry Automotive Light Vehicles (RAIAVL) of the National Institute of Statistics and Geography (Inegi).

In an analysis carried out by Salvador Saavedra, a specialist in the automotive industry, shared with T21, it is identified that of the total sales in the domestic market, 66.2% are imported units, that is, 551 thousand 938 ; while the units assembled in Mexico totaled 281,473, this is 33.8% of the market.

Of the total imported vehicles, 39.6% of cars from abroad are supplied by Asia, that is, 330,435 vehicles, followed by North America, which contributes 10.2% (84,595 units).

Based on the RAIAVL information analyzed by Saavedra, when analyzing imports by country, China remains the main supplier, this as a result not only of brands of Chinese origin, but also of brands originating outside of China that take advantage of the manufacturing in that country.

Among the brands that are not of Asian origin but that import more units manufactured in China, General Motors heads the record, followed by Volvo , which is part of the Chinese corporate Geely , Ford , KIA and Chrysler , as can be seen in the following table. .

As for the brands of Chinese origin that market vehicles in Mexico, they totaled 58,928 units, this represents a 7.1% share of total sales; In contrast, in 2023 the same brands placed 57,605 vehicles, this was 7.7% participation.

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Tags: CHINESE CARSGENERAL MOTORS OF MEXICOINEGI

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