Saturday, June 21, 2025

Luxury vehicle sales up 13% in first seven months

Luxury vehicle sales hit a record 48,241 units in the first seven months of the year, up 13.4% over the same period last year.

The Mexican Automotive Dealers Association (AMDA) said buyers of luxury vehicles have high purchasing power and are therefore less vulnerable to macroeconomic shifts and economic uncertainty.

“These clients . . . are less sensitive to changing credit situations and prices,” AMDA official Guillermo Rosales told the newspaper El Financiero.

BMV and Mercedes Benz, whose sales between January and July grew by 20.1% and 10.2%, respectively, when compared to the same period of 2017.

Raúl Peñafiel, managing director of Jaguar/Land Rover Mexico, told a press conference in July that Mexico continues to be one of the most attractive markets for his company.

The upward trend in luxury vehicle sales contrasted with an 8% drop in automotive sales in general in July. Suzuki Mexico marketing director David Hernández Sánchez said poor sales of vehicular fleets had a negative impact.

Source: El Financiero (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
A screwworm fly, possibly

Fight against screwworm ramps up with reopening of sterile fly plant in Chiapas

0
Sterile flies were key to Mexico's past success in exterminating screwworm. Now that the pest is back, the US is offering $21 million to reopen the production facility.
CJNG cartel leaders El Mencho and Ricardo Ruiz

US sanctions CJNG leaders, citing TikTok influencer’s murder

3
People in the United States are now blocked from any transaction involving property that the five sanctioned cartel leaders have an interest in.
A clandestine oil refinery in Veracruz

Security forces shut down clandestine oil refinery in Veracruz

1
Officials also seized 1.2 million liters of stolen fuel in Nuevo León, as the government steps up the fight against fuel trafficking.