Vehicle sales in Mexico plunge 41.1 pct in June amid pandemic

Xinhua News Agency | Jul 2, 2020 at 8:54 PM

MEXICO CITY, July 2 (Xinhua) -- New automobile sales in Mexico plunged 41.1 percent in June year on year, marking the fourth month in a row sales slumped due to the novel coronavirus (COVID-19) pandemic.

The National Institute of Statistics and Geography (Inegi) on Thursday said dealerships reported selling just 62,837 units in June in contrast to the 106,762 units sold in June 2019.

Auto sales began to slip in March, coinciding with start of the COVID-19 outbreak in Mexico, where 28,510 people died of the disease (as of Wednesday).

The deputy general director of the Mexican Association of Automotive Dealers (AMDA), Guillermo Rosales, said sales were affected by the pandemic and lockdown measures.

"Business and consumer confidence is at its lowest levels since records have been kept, and jobs have been lost, so the scenario will continue to be negative," Rosales said.

In the first six months of 2020, light vehicle sales reached 436,445 units, a 31.9 percent drop compared to the same period of 2019.

Continued uncertainty led AMDA to forecast lackluster sales of between 700,000 and 900,000 units for all of 2020.