Importing Cars Down to 33.7%

 

MEXICO CITY – Although the import of used cars from the United States declined 33.7% during the first five months of the year, compared to the same period last year, it still represented 45% of total vehicle sales.

The director of governmental and institutional relations of the Mexican Association of Automobile Dealers (AMDA), Guillermo Rosales, said that from January to May 2012, the introduction of used vehicles was 172,816 compared to 260,556 in the previous year, although the level this year was higher than the same period of January-May 2010 when they entered the country with 167,304 units.

The import of these units only in May was 34,739 vehicles, and around 54,866 units against the same month last year, which is a reduction of 36.7%.

In relation to the month of April, more vehicles were imported in the fifth month of the year against the fourth month, which the figure rose to 32.037 units.

Although the trend is going down on the importation of vehicles, the representative of the AMDA said the percentage of 45% compared to domestic sales of new vehicles in the country remains high, as this influences the distortion Car Market.

In this regard, he recalled that the “junk” cars┬ástill enter the Mexican market in over 80% with legal protections, undermine the value of pre-owned vehicles sold in the country, delaying the decision to renew vehicles by consumers.

So, he insisted that the authorities must bring the case of the granting of injunctions against the presidential decrees that regulate the importation of used cars, to prevent further distorting the market and supply chain work better.

 

 

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