Disruptions in global supply chains reduced inventory levels both new vehicles, used and spare parts, limiting supply Y making it more expensive products from dealer portfolios.
Although the report made between the Mexican Association of Automotive Distributors and the SlimDataGroup consultancy does not indicate absolute decreases in terms of inventory, Fernando Medina, global director of Data Analytics SlimDataGroup, adds that although sales value is higher, dealers continue with limited supply.
“The parts department has tens of thousands of part numbers, and while there have been situations where dealers have had no partsEven on some makes and models, in general, we see this inventory reduction,” he says.
According to AMDA figures, in July of last year, inflation in vehicle prices was 8.6%, slightly above annual general inflation, which was 8.15%. For December 2022, the increase in vehicle costs was 7.41% and 7.82% for annual general inflation.
“We are making the comparison in terms of prices. There have been movements, however, pricing terms have not been at the same speed to which other products are moving, even from the basic basket”, adds Molina.
The value of auto parts production in 2022 totaled 106,741 million dollars, which meant an annual increase of 12.7% and, at the same time, a record number for the sectoraccording to the National Auto Parts Industry.
From the perspective of Alberto Bustamante, general director of the organization, this rebound is due to the gradual recovery of inventories and their revaluation in pricesas well as trade discrepancies between the United States and China, which has forced companies established in the Asian giant to change their factories and settle in the North American region.