General Motors Mexico Sales Up Over 20% for May
General Motors’ prospects are looking up in one of North America’s less-developed markets: Mexico. In the month of May 2016, new vehicle deliveries reached a grand total of 24,238 units. Compared to May back in 2015, that makes up an increase of a whopping 23.78%, or more than a fifth again of last year’s 19,581 new vehicle deliveries.
These increased sales seem to have been largely led by sales of various Chevrolet models. Most notable among these is sales of the Chevy Sonic—specifically the Sonic hatchback, which saw sales increase a surprising 323% over last year. Second to that were sales of the Chevy Silverado 1500, which were up 258% over last year at this time. Finally, the third vehicle to sell an increase of over 100% was the Camaro, which saw sales increase 119.6%.
The only other GM brand to break the 100% increase line were sales of the Cadillac CTS, which was up 120% for the month of May. GM also saw small increases in sales of Buick and GMC.
According to General Motors Mexico’s Vice President of Sales, Service and Aftersales Francisco Garza, GM Mexico has delivered a total of 105,417 units in the first five months of this year, comprising a very strong market share of 17.5%.
This comes after a year of increasing GM investment in Mexico, as back in December GM announced it would invest $5 billion in Mexico through 2018, which would double production capacity.
News Sources: GM Authority, Automotive News (subscription required)
The News Wheel is a digital auto magazine providing readers with a fresh perspective on the latest car news. We’re located in the heart of America (Dayton, Ohio) and our goal is to deliver an entertaining and informative perspective on what’s trending in the automotive world. See more articles from The News Wheel.