Car Sales in Mexico Surge to Record High

Car sales in Mexico jumped 19% in 2016 to a record 1.6 million units, according to dealer and industry trade groups. Sales in December rose 20% to 192,600 units

Nissan controls 25% of the domestic market with about 400,000 sales last year. General Motors holds a 19% stake with 309,000 sales, followed by Volkswagen Group with a 15% share (247,000 units), according a joint report by the Mexican Automobile Distributors Assn. and Mexico Automotive Industry Assn.

Toyota, whose sales in Mexico surged 24% to 105,000 units in 2016, is in fourth place with a 7% market share. Hyundai and its Kia affiliate captured a combined 6% of the market.