Auto Sales in Mexico May Rise 13% On Consumer Confidence in 2012
Vehicle sales in Mexico may rise up to 13 percent next year and set a new annual sales record in 2014, according to the head of the nation’s automobile dealership.
In 2013, sales of cars and light trucks may reach 1.12 million units and surpass the 2006 record of 1.14 million units in 2014, said Guillermo Prieto, executive president of the association, known as AMDA.
“We’re on the right track,” Prieto said in an interview at Bloomberg’s Mexico City offices.
The dealership association raised its 2012 domestic sales forecast last week to 1.02 million from a previous projection of 880,000, citing “better economic performance, better confidence on the part of the consumer and more dispositions by banks to grant loans.”
In July, sales climbed to 76,376 units, up about 11 percent from the same month last year, according to a report last week by the Mexican Automobile Industry Association, known as AMIA. The nation’s total auto production and exports climbed to record levels during the first seven months of the year, AMIA said.