Corona: As of May XNUMX / New car market in Mexico

Coronavirus Situation: As of May XNUMX

The upper curve is the number of infected people

The bar graph below is the number of deaths

Infected: XNUMX(PreviousHibi +XNUMX)

Suspected infection: XNUMX (within the past XNUMX days/+XNUMX)

Death toll: XNUMX (+XNUMX from the previous day)

 

The automobile industry, one of Mexico's major industries,

I'm probably affected by this corona.

Mexico's new car market

That's about a quarter of that in Japan.

Japan is about XNUMX million units a year,

Mexico sells XNUMX million new cars.

It's an average of over XNUMX units per month.

 

The sales volume in March, when the corona infection began to spread,

XNUMX units,

It was minus XNUMX% compared to February.

 

As for April,

A whopping XNUMX units,

-XNUMX% compared to March,

Compared to the same month of the previous year, it was minus XNUMX%.

This rate of decline is the largest since XNUMX.

The top XNUMX are

Nissan is XNUMX units,

XNUMX units of GM

Volkswagen was XNUMX units.

 

Even though the population is about the same as Japan,

A quarter of new car sales means

It means that there are few people who can economically own a new car.

Furthermore,

Mexico does not have a vehicle inspection system,

If you want to ride, you can ride it forever while repairing even a worn-out car.

Therefore, there are many cases where it breaks down and causes traffic congestion. (bitter smile)

Therefore, the replacement cycle is longer than in Japan,

There are many people who do not buy a second or third unit.

 

Such a decline in major industries,

Considering the lack of support for the Mexican economy by the Mexican government,

It seems that investors in Mexico are starting to pull money out of Mexico.

The first wave of its impact will take place over the next two to three months.

It is predicted that the second wave will concentrate on selling around September.

 

Source:

https://www.eluniversal.com.mx/

https://www.eleconomista.com.mx/empresas/Ventas-de-autos-se-desploman-a-nivel-minimo-en-mas-de-10-anos-por-coronavirus-20200506-0023.html

https://www.elfinanciero.com.mx/economia/latinoamerica-en-camino-a-ser-la-region-mas-perdedora-de-las-economias-emergentes

Se desploma venta de autos 64.5% en abril, la peor caída desde que se tiene registro