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GM Mexico Sales Jumped 22 Percent In October 2023

GM Mexico sales increased 22 percent to 16,341 units in October 2023 compared to October 2022 results. Sales increased at the Chevrolet, Buick and GMC brands, while decreasing at Cadillac.

Brand & Model Sales

Chevrolet sales increased 20.58 percent 15,461 units:

Cadillac sales decreased 56 percent to 73 units:

Buick sales increased 36.26 percent to 233 units:

GMC sales increased 128.51 percent to 569 units:

During the first 10 months of the 2023 calendar year, GM Mexico sales increased 12 percent to 147,680 units.

Sales Results - October 2023 - Mexico - Chevrolet

MODELOCT 2023 / OCT 2022OCTOBER 2023OCTOBER 2022YTD 2023 / YTD 2022 YTD 2023YTD 2022
AVEO+475.00% 4,968864+44.56%42,032 29,075
BLAZER-34.48% 5787-17.08%694 837
BOLT EUV+200.00% 93+192.11%111 38
CAMARO-44.44% 59+39.34%85 61
CAPTIVA-2.77% 1,3001,337-0.71%13,998 14,098
CAVALIER-68.87% 151485-55.31%1,979 4,428
COLORADO+6.02% 176166-6.28%1,135 1,211
CORVETTE-50.00% 510-5.00%76 80
EQUINOX* 610+3,150.00%260 8
GROOVE-25.74% 1,3271,787-4.63%12,160 12,750
MONTANA* 251**581 *
ONIX-51.10% 1,6683,411-30.05%13,876 19,837
S10* 0**0 *
S10 MAX+2.87% 1,5411,498+131.21%14,476 6,261
SILVERADO+576.51% 1,008149+54.17%10,121 6,565
SPARK-100.00% 09-94.90%5 98
SUBURBAN-19.74% 187233-13.97%1,884 2,190
TAHOE-24.46% 105139-6.47%1,098 1,174
TORNADO VAN-3.58% 1,3181,367+9.54%12,504 11,415
TRACKER-29.68% 8671,233-29.05%9,855 13,890
TRAVERSE+340.00% 6615+12.60%438 389
TRAX+19,450.00% 3912+19,400.00%1,560 8
CHEVROLET TOTAL+20.58% 15,46112,822+11.57%138,928 124,520

Sales Results - October 2023 - Mexico - Cadillac

MODELOCT 2023 / OCT 2022OCTOBER 2023OCTOBER 2022YTD 2023 / YTD 2022 YTD 2023YTD 2022
ESCALADE-56.62% 59136-27.35%656 903
XT4-78.57% 314-15.65%124 147
XT5-31.25% 1116-5.41%140 148
CADILLAC TOTAL-56.02% 73166-23.21%920 1,198

Sales Results - October 2023 - Mexico - Buick

MODELOCT 2023 / OCT 2022OCTOBER 2023OCTOBER 2022YTD 2023 / YTD 2022 YTD 2023YTD 2022
ENCLAVE-4.26% 4547+0.22%451 450
ENCORE-36.11% 69108+51.68%857 565
ENVISION+193.75% 4716+47.06%350 238
ENVISTA* 72**103 *
BUICK TOTAL+36.26% 233171+40.54%1,761 1,253

Sales Results - October 2023 - Mexico - GMC

MODELOCT 2023 / OCT 2022OCTOBER 2023OCTOBER 2022YTD 2023 / YTD 2022 YTD 2023YTD 2022
ACADIA-10.81% 3337-25.54%446 599
CANYON* 30**226 *
SIERRA+1,588.24% 28717+98.26%2,740 1,382
TERRAIN+715.00% 16320+12.33%1,813 1,614
YUKON-74.03% 2077-26.46%364 495
YUKON XL-63.27% 3698-26.97%482 660
GMC TOTAL+128.51% 569249+27.81%6,071 4,750

Sales Results - October 2023 - Mexico - GM Totals

BRANDOCT 2023 / OCT 2022OCTOBER 2023OCTOBER 2022YTD 2023 / YTD 2022 YTD 2023YTD 2022
CHEVROLET TOTAL+20.58% 15,46112,822+11.57%138,928 124,520
CADILLAC TOTAL-56.02% 73166-23.21%920 1,198
BUICK TOTAL+36.26% 233171+40.54%1,761 1,253
GMC TOTAL+128.51% 569249+27.81%6,071 4,750
GM MEXICO TOTAL+21.84% 16,33613,408+12.12%147,680 131,721

The GM Authority Take

GM Mexico sales experienced another notable and significant double-digit increase in October, adding almost 3,000 units to the monthly sales volume on a year-over-year basis. The performance represents the ninth consecutive month of growth in the Mexican market thanks to an updated product portfolio, along with an effective marketing strategy in improving performance in high-volume segments to combat Nissan for the title of Mexico’s best-selling automaker.

Once again, the primary driver of the strong growth experienced by GM Mexico in October was the all-new 2024 Chevy Aveo. The popular subcompact car experienced a drastic three-digit increase totaling over 4,100 additional units compared to the same month during the previous year, fortifying the nameplate’s position as GM’s best-selling vehicle, and the second most popular in the Mexican market.

The large increases in the full-size pickup line are also worth highlighting, with drastic three- and four-digit increases for the Chevy Silverado and GMC Sierra, respectively.

In addition, the all-new 2024 Chevy Trax saw healthy sales levels with the highest growth rate across GM’s local portfolio. The Trax is positioned differently in the Mexican market compared to that in the United States, Canada and South Korea, where it is offered as a more premium compact model as opposed to the smaller and more affordable Groove and Tracker.

By contrast, most other GM crossovers and SUVs suffered declines in October.

About The Numbers

Further Reading & Sales Reporting

Deivis is an engineer with a passion for cars and the global auto business. He is constantly investigating about GM's future products.

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Comments

  1. They are flush with drug and human trafficking cash, they can thank the “big guy”.

    Reply
  2. we keep seeing these swings in the CAm and SAm markets all the time. nobody has so far explained why. up 20% down 40% all the time. what is causing it? next month we read mexico sales down 22% i bet.

    Reply

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