Background on Relevant Parties
Guillermo Rosales, the president of the Association of Mexican Distributors of Automobiles (AMDA), has highlighted a discrepancy in the reported light vehicle sales data for Mexico. Several Chinese automotive brands, including Tesla, BYD, Chirey, GAC, Geely, SEV, Omoda, Jaecoo, Jetour, Dong Feng, and Zeekr, do not disclose their sales information in Mexico.
AMDA’s Estimation of Market Growth
According to AMDA, the light vehicle sales in Mexico have grown by 4.5% during the first nine months of the year when considering the sales figures reported by Chinese brands and their projected sales for 2025, along with credit data. This growth estimate contrasts the reported 0.6% decline by the National Institute of Statistics and Geography (INEGI), which has incomplete data for accurate analysis.
AMDA’s Request for Mandatory Reporting
Rosales explained that the automotive industry in Mexico has already approached the Secretary of Economy to make it mandatory for companies to report data to INEGI through a Norma Oficial Mexicana (NOM). However, they have not received any response from the authorities.
Impact of Unreported Sales
Rosales emphasized that the reported sales figures by INEGI show a decline, but this does not reflect the total commercialization in Mexico. The actual market behavior shows a 4.5% growth rate when including the unreported sales by Chinese brands.
- Question: What is the reported sales decline by INEGI?
- Question: How does AMDA’s estimation differ from INEGI’s data?
- Question: How many vehicles were reportedly sold by INEGI during the period?
- Question: What are the projected sales for Chinese brands in Mexico by 2025?
Answer: INEGI reported a 0.6% decline in light vehicle sales for the period of January to September.
Answer: AMDA’s estimation includes unreported sales from Chinese brands, resulting in a 4.5% growth rate, contrasting the reported decline by INEGI.
Answer: INEGI reported sales of over 1 million 5,000 units, but the actual number is above 1 million 58,500 units, distorting the market observation.
Answer: BYD is projected to sell more than 45,000 vehicles, GAC more than 7,000 units, and Geely around 15,000 units. The rest have not disclosed their sales figures.
