INDUSTRIES

&

MARKETSAutomotiveindustryinMexicoCHAPTER

01OverviewRevenueofthepassengercarmarketinMexicofrom2019to2029(inmillionU.S.dollars)RevenueofthepassengercarmarketinMexico2019-202935,00030,00025,00020,00015,00010,0005,0000201920202021202220232024202520262027202820294Description:TherevenueinthepassengercarsmarketinMexicowasforecasttodecreasebetween2024and2029byintotal4.6billionU.S.dollars(-15.87percent).Thisoveralldecreasedoesnothappencontinuously,notablynotin2028.Whiletherevenuewasincreasingearlier,itdeterioratedandtherevenuewasforecasttoreach24.6billionU.S.dollarsin2029.ReadmoreNote(s):Mexico;2019to2029Source(s):Statista;StatistaMobilityMarketInsightsNumberofmotorvehiclesincirculationinMexicobetween1980and2023Mexico:motorvehiclesinuse1980-202370,000,00060,000,00050,000,00040,000,00030,000,00020,000,00010,000,00005Description:In2023,therewerealmost58.2millionmotorvehiclesincirculationinMexico,anincreaseofabout5.3percentcomparedtothenumberofautomobilesregisteredin2022.TheautomotivefleetsizehasbeenconsistentlyincreasingintheNorthAmericancountryinthepastfourdecades.Backin1980,therewerefewerthansixmillionvehiclesincirculation.ReadmoreNote(s):Mexico;1980to2023Source(s):INEGIMotorvehiclefleetsizeinMexicoin2023,bytypeanduse(in1,000units)VehiclefleetsizeinMexicobytypeanduse2023PrivatePublicOfficial40,00035,00030,00025,00020,00015,00010,0005,0000PassengercarsVans,trucks,andcommercialvehiclesMotorcyclesBuses6Description:ThemotorvehiclefleetsizeinMexicoaddeduptonearly58.2millionunitsin2023,outofwhichjustover38millionwerecars.Thatyear,approximately98percentofcarsregisteredinthecountrywereforprivateuse.Meanwhile,outofthe487,200busesinMexico,37.2percentwereforpublicuse.ReadmoreNote(s):2023;includesonlyregisteredvehicles.Source(s):INEGIUnitedStates,Canada,andMexicovehicleproductionin2019and2023(inmillionunits)U.S.,CanadaandMexicovehicleproduction2019-2023CanadaMexicoU.S.1816141210.894.0110.6110810.053.518.823.189.163.1964421.921.381.231.551.120201920202021202220237Description:TheautoindustriesinCanada,theUnitedStates,andMexicoproducedaround16.2millionmotorvehiclesin2023.Thatyear,Mexicoaccountedforaroundone-fourthoftheNorthAmericanproductionvolume.In2013,MexicoedgedpastCanadatobecomeNorthAmerica'ssecondlargestvehicleproducer.ReadmoreNote(s):Canada,Mexico,UnitedStates;2019to2023Source(s):OICAVolumeoflightcommercialvehiclesproducedinselectedcountriesinNorthandSouthAmericain2023(inunits)LightcommercialvehicleproductioninNorthandSouthAmerica2023Numberofcommercialvehicles01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,0008,000,0009,000,0008,537,246UnitedStates*Mexico2,875,481Canada1,158,909Brazil422,093Argentina305,9428Description:In2023,over8.5millionlightcommercialvehicleswereproducedintheUnitedStates.Thisrepresentedmorethantwo-thirdsoftheproductioninNorthAmericathatyear.Meanwhile,inSouthAmerica,closeto422,100unitswereproducedinBrazil,withanother305,900unitsproducedinArgentina.ReadmoreNote(s):Worldwide;2023;*Includingminibuses.Thesourcedoesnotspecifyapublicationdate.Thereleasedateissetasthedateofaccess.ReadmoreSource(s):OICANumberofemployeesinthesectorofvehiclemanufacturinginMexicofrom2018to2023(in1,000s)Mexico:workforceinvehicleproduction2018-2023120109.14102.49101.15100.61100.2399.081008060402002018201920202021202220239Description:ThenumberofpeopleemployedinthevehiclemanufacturingsectorinMexicoamountedtoover109,000employeesasofDecember2023,upfromroughly102,500employeesreportedinthesamemonthayearearlier.Thedatashowninthisgraphexcludesthenumberofworkersintheautopartssectoraswellasinthesegmentsofunassembledvehiclesandtrailers.ReadmoreNote(s):2018to2023;asofDecemberofeachyear;excludingthesegmentsofautoparts,unassembledvehiclesandtrailers.Source(s):INEGIAveragesalaryintheautomotivemanufacturingindustryinMexicoasofDecember2024,byselectedposition(inMexicanpesos)Mexico:averagesalaryintheautomanufacturingsector2024,byselectedpositionAveragesalaryinMexicanpesos0100,000200,000300,000400,000500,000600,000700,000635,000610,000589,581ManufacturingengineeringmanagerProjectmanager,general/unspecifiedHumanResourcesmanagerMechanicalengineer564,000562,979ProjectengineerProgrammanager,engineeringManufacturingengineer538,733444,000Designengineer385,000Productionmanager,manufacturingProjectmanager,InformationTechnologyQualitymanager365,000360,000340,000299,200SAPbusinessanalystMasterscheduler192,00010Description:AsofDecember2024,amongthesurveyedjobsintheautomotivemanufacturingindustryinMexico,thepositionofManufacturingengineeringmanagerpresentedanaveragesalaryofaround635,000Mexicanpesosayear.Meanwhile,thatyear,mechanicalandprojectengineersearnedonaveragearound560,000pesosayear.ReadmoreNote(s):Mexico;AsofDecember8,2024;100respondentsSource(s):PayScaleForeigndirectinvestment(FDI)intheautomotiveindustryinMexicofrom2009to2023(inbillionU.S.dollars)Mexico:FDIintheautomotiveindustry2009-2023877.557.387.016.655.7665432105.474.894.294.314.033.873.121.81.841.6220092010201120122013201420152016201720182019202020212022202311Description:Theforeigndirectinvestment(FDI)receivedbytheautomotiveindustryinMexicoamountedtoaroundsevenbillionU.S.dollarsin2023,upfromaroundfourbilliondollarsayearearlier.ReadmoreNote(s):Mexico;2009to2023;includingassembledcarandtruckmanufacturingandautopartsSource(s):MinistryofEconomicAffairs(Mexico);StatistaCHAPTER

02TradeImportsandexportsoftheautomotiveindustryinMexicofrom2009to2023(inbillionU.S.dollars)Mexico:valueofautomotiveimportsandexports2009-2023ExportsImports180160140120156.47136.08121.28115.51114.31101.74100.6910090.3688.0885.9677.1980604020070.2762.961.2751.7448.2943.0642.6941.6439.1837.2737.2435.7433.718.4933.3932.4332.0728.5724.7120092010201120122013201420152016201720182019202020212022202313Description:TheautomotiveindustryinMexicohasmaintainedapositivetradebalancethroughoutthepastdecade.ThisMexicansector'sexportsamountedtoapproximately156.5billionU.S.dollarsin2023,agrowthofsome15percentcomparedtothepreviousyear.Meanwhile,automotiveimportsinMexicosurpassed61billiondollarsthatyear,ayear-on-yearincreaseof26.9percent.ReadmoreNote(s):2009to2023;includesvehiclesotherthanrailwayortramwayrollingstock,andpartsandaccessoriesthereofSource(s):INEGI;InternationalTradeCentre;TradeMap;UNComtradeMexico'slightvehicleexportsfrom2010to2024(in1,000units)Mexicanlightvehicleexports2010-20244,0003,4793,4493,3883,5003,0002,5002,0001,5001,0005003,3013,2532,8662,7592,7682,7072,6822,6432,4232,3562,1441,860020102011201220132014201520162017201820192020202120222023202414Description:Mexico'slightvehicleexportsgrewinrecentyears,reachingapproximately3.5millionvehiclesin2024.Thisfigurerepresentsasignificantrecoveryfromthepandemic-inducedslumpin2020,whenexportsdroppedby20.8percent.ThesteadyincreaseinexportvolumeunderscoresMexico'sroleintheglobalautomotiveindustry.ReadmoreNote(s):Mexico;2010to2024;includespassengercarsandlightcommercialvehicles.Source(s):INEGINumberoflightvehiclesexportedfromMexicoin2024,byselecteddestinationcountriesMexico:numberoflightvehiclesexportedbydestinationcountry2024Exportvolume1,500,0000500,0001,000,0002,000,0002,500,0003,000,000UnitedStates*Canada2,789,595294,176Germany126,43540,561BrazilColombia31,34317,83913,98713,58912,43512,18610,8419,546UnitedKingdomSaudiArabiaUnitedArabEmiratesChileJapanNotspecifiedArgentinaAustralia9,54615Description:TheUnitedStateswasbyfarthemainregionofdestinationforlightvehiclesexportsfromMexicoin2024.Thatyear,nearly2.8millionunitswereexportedtothiscountry,whichaccountedfor80.2percentofMexicanexportsintheperiod.ReadmoreNote(s):Mexico;2024;includespassengercarsandlighttrucks.Source(s):INEGIMaincountriesoforiginforautomotiveimportsinMexicoin2023(inbillionU.S.dollars)AutomotiveimportvalueinMexicobycountryoforigin2023ImportsinbillionU.S.dollars150510202530UnitedStatesChina25.3710.9Japan4.54GermanyBrazilCanadaIndia3.862.412.351.991.731.120.82SouthKoreaThailandSpainItalyIndonesiaFrance0.750.670.46CzechiaPoland0.450.4116Description:In2023,Mexico'sautomotiveimportsneared61.3billionU.S.dollars,ofwhicharound25.4billiondollarsoriginatedintheUnitedStates.ThesecondmaincountryoforiginforMexicanimportsinthissectorwasChina,whichaccountedfornearly11billiondollarsworthofvehiclesimportedtotheLatinAmericancountry.ReadmoreNote(s):2023;includesvehiclesotherthanrailwayortramwayrollingstock,andpartsandaccessoriesthereofSource(s):InternationalTradeCentre;TradeMap;UNComtradeImportedlightvehiclesalesinMexicoin2024,byleadingcountryoforiginMexico:importedlightvehiclesalesbyleadingcountryoforigin2024Salesvolume050,000100,000150,000200,000250,000300,000350,000ChinaUnitedStatesBrazil302,837126,967121,157JapanIndia95,08094,198ThailandIndonesiaSpainGermanyCanada62,75933,75732,07127,37721,00314,101SouthKoreaArgentinaUnitedKingdomCzechia10,77110,1939,633France6,28417/statistics/1414690/mexico-imported-car-sales-by-originAtover302,800lightvehiclessoldin2024,ChinawastheleadingcountryoforiginforMexico'slightvehicleimports.TheUnitedStatesandBrazilweresecondandthirdintheranking,accountingfor127,000and121,200importedsales,respectively.

ReadmoreNote(s):Mexico;2024;includespassengercarsandlighttrucks(pickups,minivans,andsport-utilityvehicles).Source(s):INEGI;StatistaAutomotiveindustryimportsfromMexicoinBrazilfrom2013to2023,bysegment(inmillionU.S.dollars)Brazil:automotiveimportsfromMexico2013-2023,bysegmentVehiclesAutoparts*3,0002,5002,0001,5001,00050002013201420152016201720182019202020212022202318Description:In2023,Brazilimportedjustbelow2.3billionU.S.dollarsworthofmotorvehiclesandautopartsfromMexico,upfromapproximately1.9billiondollarsayearearlier.Autopartsaccountedfornearly60.3percentoftheimportvaluethatyear,whilevehicleimportsrepresentedaround39.7percent.Mexicowasamongstthe?leadingoriginsforautomotiveimportsinBrazil,withashareofaroundeightpercent.ReadmoreNote(s):Brazil,Mexico;2013to2023;*Upuntil2015,figuresincludetires.**Includingchassis,bodies,cabins,trailersandsemi-trailers.ReadmoreSource(s):ANFAVEA;MinistériodaEconomia(Brazil);SecretariadeComércioExterior(Brazil)CHAPTER

03ProductionGrossproductionvalueofautomobilesandlight-dutytrucksmanufacturedinMexicofromApril2020toNovember2024(inbillionMexicanpesos)Mexico:monthlyautomobileproductionvalue2020-2024200180160140120100806040200Apr

Jun

Aug

Oct

Dec

Feb

Apr

Jun

Aug

Oct

Dec

Feb

Apr

Jun

Aug

Oct

Dec

Feb

Apr

Jun

Aug

Oct

Dec

Feb

Apr

Jun

Aug

Oct20

20

20

20

20

21

21

21

21

21

21

22

22

22

22

22

22

23

23

23

23

23

23

24

24

24

24*

24*20Description:Theproductionofautomobilesandlight-dutytrucksmanufacturedinMexicoplummetedinApril2020,aresultoftheimpactoftheCOVID-19pandemic.Thatmonth,thesector'sproductionvalueaddedupto1.2billionMexicanpesos,adecreaseof99percentincomparisontothepreviousmonth.AsofNovember2024,theproductionvaluewasat175.6billionMexicanpesos.ReadmoreNote(s):Mexico;April2020toNovember2024;*Dataispreliminary.Figureshavebeenrounded.ReadmoreSource(s):INEGINumberoflightvehiclesproducedinMexicofrom2010to2023(inmillions)Mexico:lightvehicleproduction2010-20234.54.03.933.923.813.783.473.43.53.313.223.043.032.932.883.02.52.01.51.00.50.02.562.262010201120122013201420152016201720182019202020212022202321Description:ThenumberoflightvehiclesproducedinMexicoamountedtoalmost3.78millionin2023,representinganincreaseofaround14percentincomparisonwiththeproductionvolumereportedayearearlier.Adecreaseof20percentwasreportedfrom2019to2020whentheCOVID-19pandemichittheworld.However,asaprolongedeffectofthepandemic,theproductiondecreasedfurtherin2021.ReadmoreNote(s):Mexico;2010to2023;includespassengercarsandlightcommercialvehicles.Source(s):INEGI;StatistaNumberofpassengercarsproducedinMexicofrom2010to2024Mexico:numberofcarsproduced2010-20242,500,0001,995,7591,965,4891,914,4091,906,9462,000,0001,500,0001,000,000500,00001,811,4241,771,0161,689,1661,583,6231,468,9671,396,812967,479947,726903,753708,2422021658,0012022201020112012201320142015201620172018201920202023202422Description:ThenumberofcarsproducedinMexicohasbeenincreasinginthepastyear.In2024,around947,700carswereproducedinthecountry,upfromsome903,700recordedayearearlier.BeforetheCOVID-19pandemic,productionwasaboveonemillionunits.ReadmoreNote(s):Mexico;2010to2024;excludesminivans,pickups,andsport-utilityvehicles.Source(s):INEGI;StatistaNumberofcommercialvehiclesproducedinMexicofrom2015to2023(in1,000s)Mexico:numberofcommercialvehiclesproduced2015-20233,5003,0003,098.292,851.072,604.082,524.722,437.412,5002,209.122,168.392,0001,597.421,604.291,5001,000500020152016201720182019202020212022202323/statistics/891329/mexico-commercial-vehicle-production-numberAbout3.1millioncommercialvehicleswereproducedinMexicothroughout2023,upfromaround2.85millionunitsproducedduringthepreviousyear.Furthermore,MexicoisakeymarketfortheautomotiveindustryofLatinAmericaaltogether.

ReadmoreNote(s):Mexico;2015to2023;includeslightcommercialvehicles,buses,andheavytrucks.Source(s):OICACHAPTER

04SalesPassengercarmarketrevenueinMexicofrom2023to2029,bysegment(inmillionU.S.dollars)RevenueofthecarmarketinMexico2023-2029,bysegmentMediumCarsMiniCarsSmallCarsMinivansSUVsFull-SizeVansPickupTrucksSportsCarsLargeSUVsExecutiveCarsLargeCarsLuxuryCars12,00010,0008,0006,0004,0002,0000202320242025202620272028202925Description:Significantfluctuationsareestimatedforallsegmentsovertheforecastperiodfortherevenuebymake.Therevenuebymakeisforecasttofollowmostlyanegativetrend.Acloserexaminationrevealsthatthevaluesdecreaseinmoresegmentsthantheyincrease.Forinstance,thesegmentSmallCarsexperiencesanexceptionallystrongdecreaseat2029,withavalueof410.1millionU.S.dollars.ReadmoreNote(s):Mexico;2023to2029Source(s):Statista;StatistaMobilityMarketInsightsLightvehiclessoldinMexicofromJanuary2019toDecember2024(in1,000s)MonthlysalesvolumeoflightvehiclesinMexico2019-2024160,000140,000120,000100,00080,00060,00040,00020,000026Description:ThenumberoflightvehiclessoldinMexicodroppedbelow35,000unitsinApril2020,adeclineofmorethan64.5percentcomparedtothesalesvolumereportedduringthesamemonthayearearlier.ThesevereslowdowninautomobiledemandisrelatedtothehealthemergencydeclaredbytheMexicangovernmentattheendofMarch2020duetotheCOVID-19outbreak.Sincethen,lightvehiclesalesinthecountryincreased.InDecember2024,nearly146,400unitsweresold,which[...]

ReadmoreNote(s):Mexico;January2019toDecember2024;IncludespassengercarsandlightcommercialvehiclesSource(s):INEGINumberofnewvehiclessoldinMexicofrom2012to2024,bytype(in1,000s)NewvehiclesalesinMexicobytype2012-2024CarsLighttrucks*1,8001,6001,4001,2001,000537.76546.24561.89459.38860.9553.56765.5390.16365.15338.418006004002000607.77494.62417.631,065.912016984.262017892.272015865.032018745.252014764.182019698.222013649.332012635.92024598.222023532.432020520.062021487202227Description:ThenumberofnewcarssoldinMexicohasbeencontinuouslyincreasingsince2021afteraperiodofdecline.In2024,approximately1.5millionlightpassengervehiclesweresoldintheLatinAmericancountry,outofwhicharound635,900carsand860,900lighttrucks.Thisrepresentsayear-on-yearincreaseof6.3percentforcars,andagrowthof12.5percentforlighttrucks.ReadmoreNote(s):Mexico;2012to2024;includingimportcars.;*LighttrucksincludepickupsandSUVs.Figureshavebeenrounded.ReadmoreSource(s):AsociaciónMexicanadelaIndustriaAutomotriz;INEGI;MarkLinesLightvehiclesalesinMexicoin2024,byvehiclesegmentMexico:lightvehiclesalesbyvehiclesegmentSalesvolume0100,000200,000300,000400,000500,000600,000567,953Sport-utilityvehiclesSubcompactcarsCompactcarsPickups317,350278,095259,079Minivans33,86531,640LuxurycarsSportscars8,81528Description:In2024,sport-utilityvehicleswerethebest-sellinglightpassengervehiclesegmentinMexico.Atnearly317,400sales,subcompactcarsweresecondintheranking,followedbycompactcars.Despitetheirpopularity,sport-utilityvehiclesareforecasttobethesecondsegmentwiththelargestshareofthepassengercarmarketrevenueinMexicoin2029.ReadmoreNote(s):Mexico;2024Source(s):INEGI;StatistaLightvehiclesalesinMexicobetween2015and2024,byvehicleoriginMexico:lightvehiclesalesbyorigin2015-2024ImportedNational1,800,0001,600,0001,400,0001,200,0001,000,000800,000600,000400,000200,0000720,813511,679630,699500,963457,499460,187639,006356,625372,538366,748985,1182024926,1232018906,2152023886,3522016904,2442017857,7442019738,1032022715,4382015642,1972021583,315202029Description:In2024,around65.8percentofalllightpassengervehiclessoldontheMexicanmarketwereimported.Acrosstherecordedperiod,Mexicohasconsistentlysoldmoreimportedcarsthancarswhichwerenationallyproduced.However,thecountryhasapositiveautomotiveindustrytradebalance,withautomotiveexportswelloverdoubleitsautomotiveimportsin2023.ReadmoreNote(s):Mexico;2015to2024;includespassengercarsandlighttrucks(pickups,minivans,andsport-utilityvehicles).Source(s):INEGI;StatistaMonthlynumberofhybridvehiclessoldinMexicofromJanuary2019toDecember2024MonthlyhybridvehiclesunitsalesinMexico2019-202414,00012,00010,0008,0006,0004,0002,0000Jan

MarMay

Jul

Sep

Nov

Jan

MarMay

Jul

Sep

Nov

Jan

MarMay

Jul

Sep

Nov

Jan

MarMay

Jul

Sep

Nov

Jan

MarMay

Jul

Sep

Nov

Jan

MarMay

Jul

Sep

Nov'19

'19

'19

'19

'19

'19

'20

'20

'20

'20

'20

'20

'21

'21

'21

'21

'21

'21

'22

'22

'22

'22

'22

'22

'23

'23

'23

'23

'23

'23

'24

'24

'24

'24

'24

'2430Description:HybridvehiclessalesinMexicodroppedinApril2023afterthreemonthsofgrowth.ByDecember2024,hybridandplug-inhybridelectricvehiclesaleswereattheirhighestacrosstherecordedperiod,uptoover13,300units.

ReadmoreNote(s):Mexico;January2019toDecember2024;includingplug-inhybridvehicles(PHEVs)andhybridelectricvehicles(HEVs).Source(s):INEGI;StatistaNumberofbattery-electricvehiclessoldinMexicofromJanuary2020toDecember2024Battery-electricvehiclesunitsalesinMexico2020-20243,5003,0002,5002,0001,5001,0005000Jan

Mar

May

Jul

Sep

Nov

Jan

Mar

May

Jul

Sep

Nov

Jan

Mar

May

Jul

Sep

Nov

Jan

Mar

May

Jul

Sep

Nov

Jan

Mar

May

Jul

Sep

Nov'20

'20

'20

'20

'20

'20

'21

'21

'21

'21

'21

'21

'22

'22

'22

'22

'22

'22

'23

'23

'23

'23

'23

'23

'24

'24

'24

'24

'24

'2431Description:InDecember2024,over2,000battery-electricvehiclesweresoldinMexico.SalesnJuly2024werethehighestonrecentrecord,anincreaseoverdoublethesalesvolumerecordedinJuly2023.

ReadmoreNote(s):Mexico;January2020toDecember2024Source(s):INEGI;StatistaCHAPTER

05CompaniesForecastrevenueshareofpassengercarsinMexicoin2024,bymakeProjectedpassengercarrevenueshareinMexico2024,bymakeRevenueshare0%5%10%15%20%25%30%NissanChevroletVolkswagenFord23.9%18.2%10.2%7.6%ToyotaKia6.4%5.7%5.3%4.9%MazdaHondaSEAT2.3%2.2%JeepOther13.3%33Description:In2024,theMexicanpassengercarmarketisexpectedtogeneratearevenueofaround29.2billionU.S.dollarsinrevenue.Nissanisforecasttopossessthebiggestmarketshareinthecountry,accountingfor23.9percentofrevenue,followedbyChevroletwith18.2percent,andVolkswagenwith10.2percent.ThesethreecarmakerstogetherareprojectedtoaccountforoverhalfofpassengercarrevenueinMexicothatyear.

ReadmoreNote(s):Mexico;2024;basedonanOctober2024modelling.Source(s):Statista;StatistaMobilityMarketInsightsNumberoflightvehicleunitssoldinMexicoin2024,bymanufacturerLightvehiclesalesinMexicobymanufacturer2024Numberofunitssold050,000100,000150,000200,000250,000300,000NissanGeneralMotorsVolkswagenToyota255,116205,043138,181121,968KIAMazda104,38499,79793,809Stellantis*MGMotorHyundaiFordMotorSuzuki60,16853,30552,35943,66142,336HondaRenault29,89234Description:JapanesemultinationalNissanwastheautomobilemanufacturerwiththehighestnumberoflightvehiclessoldinMexico,withover255,100unitssoldin2024.TheU.S.AmericanmultinationalGeneralMotorsrankedsecond,witharound205,000lightvehicleunitssoldthatsameyear.ReadmoreNote(s):Mexico;2024;includescarsandlighttrucksproducedinMexicoaswellasimportedvehicles.;*FromMay2021,includessalesfromAlfaRomeo,Chrysler,Fiat,andPeugeot.**IncludessalefiguresforBMWandMini.***Includessales[...]

ReadmoreSource(s):INEGINumberoflightvehiclesproducedinMexicoin2024,bybrandMexico:numberoflightvehiclesproducedbybrand2024Numberofvehiclesproducedinthousands0100,000200,000300,000400,000500,000600,000700,000800,000900,0001,000,000GeneralMotorsNissanStellantis*FordMotorVolkswagenKIAToyotaMazdaHondaAudiBMWGroupMercedesBenzJAC35Description:In2024,thenumberoflightvehiclesproducedinMexicoreachednearlyfourmillionunits,fromwhichroughly22.3percentwereproducedbytheAmericancompanyGeneralMotors.TheJapanesecarmanufacturerNissanrankedsecond,producingaround16.8percentofthetotallightvehiclesduringthesameyear.ReadmoreNote(s):Mexico;2024;includespassengercarsandlightcommercialvehicles.;*StellantisincludesChryslerandFiat.ReadmoreSource(s):INEGILightvehiclemodelswiththehighestproductionvolumeinMexicoin2024MaincarmodelinMexicobyproductionvolume2024Numberofunitsproduced050,000100,000150,000200,000250,000234,681228,513ChevroletEquinoxToyotaTacomaNissanSentra198,440194,612182,826172,008164,891HondaHR-VNissanVersaFordMaverickVolkswagenTiguanChevroletSilveradoDobleCabinaGMCSierraDobleCabinaNissanKicks162,799162,205161,75836Description:In2024,thesecondmostproducedlightvehicleinMexicowastheToyotaTacoma,withatotalofaround228,500units.Thatsameyear,Toyotarankedseventhnationallyin?totalproductionoflightvehicles.ReadmoreNote(s):Mexico;2024Source(s):Autocosmos(Mexico)Carownershipbymake/brandinMexicoasofDecember2024Carownershipbymake/brandinMexico2024Shareofrespondents0%2%4%6%8%10%12%14%16%18%ChevroletNissanFord18%17%11%VolkswagenHondaToyotaKia9%8%5%4%4%MazdaBMWDodgeHyundaiJeep3%3%3%3%Audi2%37Description:WeaskedMexicanconsumersabout"Carownershipbymake/brand"andfoundthat"Chevrolet"takesthetopspot,while"Suzuki"isattheotherendoftheranking.ReadmoreNote(s):Mexico;JanuarytoDecember2024;1611respondents;18-64years;respondentswhohaveacaravailableintheirhouseholdSource(s):StatistaConsumerInsightsCHAPTER

06ConsumersAttitudestowardsmobilityinMexicoasofDecember2024AttitudestowardsmobilityinMexico2024Shareofrespondents0%10%20%30%40%50%60%60%OwningacarisimportanttomeThepublictransportationsysteminmyareaisgoodIamacarenthusiast30%27%27%26%Itrytooptformoreenvironmentally-friendlymeansoftransportationFuelpricesaremakingmeoptforotherformsoftransportation(e.g.,bike)Ispendtoomuchtimecommuting22%Icanimagineusingaself-drivingtaxi16%15%12%12%TherearenotenoughparkingspaceswhereIliveDrivingcarsisbadfortheenvironmentTheelectricinfrastructurepreventsmefromgettinganelectriccarNoneoftheabove6%39Description:Whenaskedabout"Attitudestowardsmobility",mostMexicanrespondentspick"Owningacarisimportanttome"asananswer.60percentdidsoinouronlinesurveyin2024.ReadmoreNote(s):Mexico;JanuarytoDecember2024;2022respondents;18-64yearsSource(s):StatistaConsumerInsightsCarpurchaseintentioninMexicoasofDecember2024CarpurchaseintentioninMexico2024Shareofrespondents0%5%10%15%20%25%30%35%Yes,anewcarYes,ausedcarYes,aneworausedcarNo35%15%15%19%Don'tknow16%40Description:Whenaskedabout"Carpurchaseinten