Mexican car sales drop 64.5%; it’s the worst April since 1995

During the month of April, only 34,903 cars were sold in Mexico, an amount 64.5% less than during the same month last year, which constitutes the biggest decrease for an April month since 1995, reported the National Institute of Statistics and Geography (Inegi).

This collapse is largely due to the suspension of non-essential activities stemming from the coronavirus pandemic, during which automotive agencies have had to close.

So far in 2020, 331,580 cars have been sold in the country, hardly a quarter of what had been sold the same time last year.

During March of this year, there had already been a 25.52% drop in vehicle sales.

The automotive industry has maintained a downward trend in sales since early 2017, which has been exacerbated by the restrictions applied by the health contingency.

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