During the first quarter of 2017 auto dealers sold 378,248 vehicles, that’s an 8.9% increase compared to the same three-month period of 2016.
Mexican auto dealers sold 137,012 units during March, a 17.2% rise compared to same month of 2016, according to figures by the Mexican Association of Auto Dealers (AMDA).
During the first quarter of 2017 auto dealers sold 378,248 vehicles, that’s an 8.9% increase compared to the same three-month period of 2016. Market share by brand remained as follows: Nissan 27.2%, GM 17.5%, VW 15%, Toyota 7%, FCA 6.2%, Honda 5.3%, Ford 5%, Kia 5%, Mazda 3% and Hyundai 2.6%.
Contrary to most forecasts, auto sales in the U.S. market slowed to 1.56 million new cars and trucks during March, a 1.6% decline compared with the same month a year ago, according to researcher firm Autodata Corp.
Most analysts at Reuters and Bloomberg had expected sales figures to be above 1.62 million or a 2.2% increase. At annualized rate, auto dealers sold 16.6 million cars and trucks in the last 12 months, slightly less than 16.7 million from a year earlier.
Analysts had projected the pace would accelerate to about 17.2 million. Car sales only accounted for 39% of total industry sales.
Last month Canadians bought 187,540 new vehicles, an increase of 7.1% compared to March 2016, according to DesRosiers Automotive Consultants. Auto dealers saw an 11.1% rise in demand for pickups and SUVs, offsetting a 0.3% decline in car sales.
The Big Three were also the top three: GM sold 30,115 vehicles, a 22.9 % boost from a year ago; Fiat Chrysler was second, having sold 26,531 units; and Ford finished off the podium, with a 0.2% boost to 26,447 vehicles.
Honda sales jumped 18.7% to 17,392 vehicles, while Nissan enjoyed a 26.7% jump to 14,523 vehicles. The Honda Civic and Ford F-150 led Canadian car and truck sales respectively, the Nissan Rogue was Canada’s best-selling SUV.
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Having spent many years at KPMG as a partner and finally as Head of Corporate Finance, Midlands, Richard Boot currently chairs and holds directorship of various companies associated with staffing and recruitment. He is also a former board member of IRC Global Executive Search Partners.
IRC Global Executive Search Partners convened affiliates and business partners at three regional summits covering Asia Pacific (APAC), Europe, the Middle East and Africa (EMEA) and the Americas in early 2019 to spark an intercontinental discussion about leadership and organizational preparedness in an era characterized by accelerating technological change and disruption.