Asia, U.S. Lead in Auto Making in Mexico

Asia, U.S. lead in auto making in mexico

08/12/2010 13:48



Asian companies had a 39.4 percent share in the auto making industry in Mexico, slightly below the share from U.S. firms.

Industry assocition AMIA said that during the first nine months of the year, U.S. auto brands retreated by 1.5 percent while Asian brands rose 2.8 percent.

U.S. makers like Ford, General Motors and Chrysler sold 223,979 vehicles in Mexico between January and September. Asian makers sold 223,188 units, a 15 percent rise in sales, compared with an increase of 2.9 percent from the Detroit giants in the same period.

European makers also saw their market shares shrink by 1.4 percent during the period, from 22.3 percent to 21 percent.

Asian automakers in Mexico include Nissan, which has a 23.3 percent market share in the country, Toyota with 5.6 percent and Honda with 4.4 percent.

The most widely-sold small car in Mexico is the Tsuru, with 26 percent of all sales, followed by Aveo and Chevy from GM, and Volkswagen's Gol.

Other compact models with strong sales are Tiida and Sentra, from Nissan, which compete against Volkswagen's Jetta.