GM Mexico Sales Up 15 Percent During Third Quarter 2023

October 18, 2023 9:47 pm

GM Mexico sales increased 15 percent to 48,287 units during the third quarter of 2023. Sales increased at the Chevrolet, Buick and GMC brands, while decreasing at Cadillac.

Brand & Model Sales

Chevrolet sales increased 15.32 percent 45,819 units:

Chevrolet Aveo sales increased 165.32 percent to 15,407 units
- The Mexico-market Aveo is a vehicle manufactured by China’s SAIC-GM-Wuling joint venture
Chevrolet Blazer sales decreased 35.56 percent to 203 units
Chevrolet Bolt EUV sales increased 100 percent to 34 units
Chevrolet Camaro sales decreased 40.63 percent to 19 units
Chevrolet Captiva sales decreased 21.43 percent to 4,107 units
Chevrolet Cavalier sales decreased 74.11 percent to 326 units
Chevrolet Colorado sales increased 70.34 percent to 448 units
Chevrolet Corvette sales increased 14.29 percent to 24 units
Chevrolet Equinox sales decreased 100 percent to 0 units
Chevrolet Express sales increased 86.96 percent to 43 units
Chevrolet Groove sales decreased 9.15 percent to 4,258 units
Chevrolet Montana sales totaled 330 units
Chevrolet Onix sales decreased 35.97 percent to 4,632 units
Chevrolet S10 Max sales increased 95.07 percent to 4,352 units
- The S10 Max is a midsize pickup imported from China, where it is sold as Maxus T70
Chevrolet Silverado sales increased 133.85 percent to 4,104 units
- Silverado sales include sales of the Silverado (available only in the Work Truck trim in Mexico) and the up-level Chevrolet Cheyenne (non-Work Truck models)
- Silverado sales totaled 3,051 units
- Cheyenne sales totaled 1,053 units
Chevrolet Spark sales decreased 91.43 percent to 3 units
Chevrolet Suburban sales decreased 3.23 percent to 509 units
Chevrolet Tahoe sales increased 10.07 percent to 328 units
Chevrolet Tornado Van sales decreased 20.27 percent to 3,246 units
- The Tornado Van is a small minivan imported from China, where it is sold as Wuling Hongguang V
Chevrolet Tracker sales decreased 56.56 percent to 2,475 units
Chevrolet Traverse sales increased 56.52 percent to 144 units
Chevrolet Trax sales increased 41,200 percent to 826 units

Cadillac sales decreased 15.2 percent to 251 units:

Cadillac CT4 sales have not yet commenced in Mexico
Cadillac CT5 sales have not yet commenced in Mexico
Cadillac Escalade sales decreased 8.72 percent to 199 units
Cadillac XT4 sales decreased 38.1 percent to 26 units
Cadillac XT5 sales decreased 27.78 percent to 26 units
Cadillac XT6 sales have not yet commenced in Mexico

Buick sales increased 16.25 percent to 558 units:

Buick Enclave sales decreased 23.3 percent to 135 units
Buick Encore sales increased 7.66 percent to 253 units
- Encore sales in Mexico include sales of the Buick Encore GX
Buick Envision sales increased 101.45 percent to 139 units
Buick Envista sales totaled 31 units

GMC sales increased 19.87 percent to 1,659 units:

GMC Acadia sales decreased 44.13 percent to 100 units
GMC Canyon sales totaled 182 units
GMC Sierra sales increased 64.8 percent to 646 units
GMC Terrain sales decreased 8.24 percent to 501 units
GMC Yukon sales decreased 8.4 percent to 109 units
GMC Yukon XL sales decreased 18.24 percent to 121 units
The GMC Savana not offered in Mexico

During the first nine months of the 2023 calendar year, GM Mexico sales increased 11 percent to 131,344 units.

Sales Results - Q3 2023 - Mexico - Chevrolet

MODEL	Q3 2023 / Q3 2022	Q3 2023	Q3 2022	YTD 2023 / YTD 2022	YTD 2023	YTD 2022
AVEO	+165.32%	15,407	5,807	+31.38%	37,064	28,211
BLAZER	-35.56%	203	315	-15.07%	637	750
BOLT EUV	+100.00%	34	17	+191.43%	102	35
CAMARO	-40.63%	19	32	+53.85%	80	52
CAPTIVA	-21.43%	4,107	5,227	-0.49%	12,698	12,761
CAVALIER	-74.11%	326	1,259	-53.64%	1,828	3,943
COLORADO	+70.34%	448	263	-8.23%	959	1,045
CORVETTE	+14.29%	24	21	+1.43%	71	70
EQUINOX	-100.00%	0	3	*	0	0
EXPRESS	+86.96%	43	23	+142.68%	199	82
GROOVE	-9.15%	4,258	4,687	-1.19%	10,833	10,963
MONTANA	*	330	*	*	330	0
ONIX	-35.97%	4,632	7,234	-25.68%	12,208	16,426
S10 MAX	+95.07%	4,352	2,231	+171.57%	12,935	4,763
SILVERADO	+133.85%	4,104	1,755	+42.04%	9,113	6,416
SPARK	-91.43%	3	35	-94.38%	5	89
SUBURBAN	-3.23%	509	526	-13.29%	1,697	1,957
TAHOE	+10.07%	328	298	-4.06%	993	1,035
TORNADO VAN	-20.27%	3,246	4,071	+11.33%	11,186	10,048
TRACKER	-56.56%	2,475	5,698	-28.99%	8,988	12,657
TRAVERSE	+56.52%	144	92	-0.53%	372	374
TRAX	+41,200.00%	826	2	+19,383.33%	1,169	6
CHEVROLET TOTAL	+15.32%	45,819	39,732	+10.54%	123,467	111,697

Sales Results - Q3 2023 - Mexico - Cadillac

MODEL	Q3 2023 / Q3 2022	Q3 2023	Q3 2022	YTD 2023 / YTD 2022	YTD 2023	YTD 2022
ESCALADE	-8.72%	199	218	-22.16%	597	767
XT4	-38.10%	26	42	-9.02%	121	133
XT5	-27.78%	26	36	-2.27%	129	132
CADILLAC TOTAL	-15.20%	251	296	-17.93%	847	1,032

Sales Results - Q3 2023 - Mexico - Buick

MODEL	Q3 2023 / Q3 2022	Q3 2023	Q3 2022	YTD 2023 / YTD 2022	YTD 2023	YTD 2022
ENCLAVE	-23.30%	135	176	+0.74%	406	403
ENCORE	+7.66%	253	235	+72.43%	788	457
ENVISION	+101.45%	139	69	+36.49%	303	222
ENVISTA	*	31	*	*	31	*
BUICK TOTAL	+16.25%	558	480	+41.22%	1,528	1,082

Sales Results - Q3 2023 - Mexico - GMC

MODEL	Q3 2023 / Q3 2022	Q3 2023	Q3 2022	YTD 2023 / YTD 2022	YTD 2023	YTD 2022
ACADIA	-44.13%	100	179	-26.51%	413	562
CANYON	*	182	*	*	196	0
SIERRA	+64.80%	646	392	+79.71%	2,453	1,365
TERRAIN	-8.24%	501	546	+3.51%	1,650	1,594
YUKON	-8.40%	109	119	-17.70%	344	418
YUKON XL	-18.24%	121	148	-20.64%	446	562
GMC TOTAL	+19.87%	1,659	1,384	+22.24%	5,502	4,501

Sales Results - Q3 2023 - Mexico - GM Totals

BRAND	Q3 2023 / Q3 2022	Q3 2023	Q3 2022	YTD 2023 / YTD 2022	YTD 2023	YTD 2022
CHEVROLET TOTAL	+15.32%	45,819	39,732	+10.54%	123,467	111,697
CADILLAC TOTAL	-15.20%	251	296	-17.93%	847	1,032
BUICK TOTAL	+16.25%	558	480	+41.22%	1,528	1,082
GMC TOTAL	+19.87%	1,659	1,384	+22.24%	5,502	4,501
GM MEXICO TOTAL	+15.27%	48,287	41,892	+11.01%	131,344	118,312

The GM Authority Take

GM Mexico sales posted a healthy increase during Q3 2023. The results represent the second consecutive quarter that GM sales were in the green, while also becoming the eighth month-long growth streak. With this, GM continues to improve its market share and solidifies itself as the second best-selling automaker in the Latin country (after Nissan).

Just like during each of the individual months that make up Q3, the primary driver of growth for GM Mexico during the quarter was the all-new 2024 Chevy Aveo. The subcompact car registered a substantial triple-digit increase, adding nearly 10,000 units on a year-over-year basis with an impressive monthly average of 5,136 deliveries, making it the fastest growing vehicle in the Mexican automotive industry. In addition, the substantial growth posted by the Chevy Silverado and the Chevy S10 Max also stands out. The latter, in fact, has become the Bow Tie brand’s best-selling midsize pickup in Mexico.

Chevy Cheyenne ZR2

Moreover, the all-new Chevy Trax posted the highest growth rate, while and the all-new Chevy Montana posted its first 330 registrations as deliveries in Mexico began in late August.

The solid levels of performance posted by the aforementioned models contrasts with significant declines posted by several other nameplates, including significant commercial setbacks for the Chevy Tracker, Chevy Onix and Chevy Captiva, plus massive losses in the Cadillac and GMC model lines.