Automotive Fleet, Nov 2019
AUTOMOTIVE FLEET I Q3 2019 10 A more stable economy in Mexico is driving change in vehicle purchasing strategies Fleets are becoming more focused on controlling costs which is also increasing interest in telematics services BY ERIC GANDARILLA M exico saw a 145 year overyear decline in vehicles sold to commercial companies in 2018 according to the most recent data available from the International Organization of Motor Vehicle Manufacturers Total commercial vehicle sales in Mexico in 2018 was 538415 compared to 546236 in 2017 This decline in commercial sales mirrors the passenger car market in Mexico which saw a steeper year over year decline Total passenger car sales in 2018 was 883043 compared to the 984262 that were sold in 2017 which represented an 1146 yearover year decline This puts the overall vehicle sales tally at 142 million for 2018 versus 153 million in 2017 a 767 decline year over year So far in 2019 these are the most popular cars in terms of sales to commercial fleets according to Manuel Tamayo Commercial Officer Mexico for Element Fleet Management Nissan Versa Chevrolet Beat Chevrolet Aveo Nissan Frontier Nissan March Volkswagen Vento Kia Rio Volkswagen Jetta Nissan Sentra Mazda 3 One thing is immediately apparent looking at this list small cars are continuing to dominate the Mexican fleet market The one non sedan on the list is a pickup but its one that Tamayo described as one of the smallest and most affordable options in the Mexican market that works well for fleets that need to carry heavier items than their sedans could fit Pricing has long been a pivotal concern for fleets in Mexico and because of this small sedans have long been favored among Mexican fleets A commer Emerging Trends in the Mexico Fleet Market MEXICO When compared to countries such as the United States or Europe leasing as a financing option is relatively small among commercial fleets in Mexico Leasing is growing and one factor fueling this growth is a more stable economy PHOTO VIA UNSPLASH ANDREA LEOPARDI
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