2020 Auto News News Research

For automotive companies, May’s sales were worst in 25 years

The Mexican auto industry saw its worst domestic sales for the month of May in 25 years, according to the federal statistics agency Inegi.

Only 42,028 automobiles were sold in Mexico last month, representing a 59% drop from the same month in 2019.

The last time the country saw a similar month of poor auto sales was in 1995, the year following the Mexican peso crisis, when the peso suffered an extreme devaluation in relation to the U.S. dollar. Domestic car sales fell 75.1% in May of that year.

Read full news on mexiconewsdaily.com

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