Mexico - Automotive Sales volume, 2023
Flash report, Automotive sales volume, 2023
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Flash report, February 2023
Mar 7, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Mexican vehicle sales up 28.0% in February
On March 2, Mexico’s Institito Nacional de Estadistica y Geografia (INEGI) reported 101,911 light vehicles sold in February, representing a 28.0% increase from the same month in 2022.
The sales figure in February 2023 is the third time the level of 1000,000 units per month has been exceeded in the last 36 months. In the last 36 months (from March 2020 to February 2023), monthly vehicle sales exceeded 100,000 units only three times: December 2020 with 105,135 units, December 2022 with 120,862 units, and February 2023.
General Motors sold 13,376 units in February, an increase of 9.2% from the previous year.
Volkswagen Group sales of 11,475 units in February had increased 29.2% from the same month in 2022.
Ford sold 3,047 units, a decrease of 3.2%, and Stellantis sold 8,179 units, an increase of 124.3%.
Nissan sales of 19,417 units in February increased 28.1% from the same month last year.
Toyota sold 7,270 units, an increase of 10.6% from February 2022.
Honda sold 2,347 units, an increase of 23.8% from the same month last year, while Mazda sales increased 39.0% to 5,568 units.
Kia sold 7,341 units in February, an increase of 4.6% from 2022, while Hyundai sales increased 1.0% to 3,918 units.
With local production at Giant Motors, JAC sold 1,502 units in February, a 38.4% increase from the previous year. MG sales increased 51.2% to 4,602 units.
Scotiabank expects that the US economic performance will play a key role in Mexican growth and is likely to be a challenge for the Mexican economy. About two-thirds of the Mexican recovery from the 2020 pandemic low is accounted for by exports to the US, which is now broadly expected to fall into a technical recession in 2023. The bank also anticipates that Banxico’s overnight rate will rise to 11% in 2023.
Sales of new vehicles by type(including import cars)
| 2023 Feb. |
2022 Feb. |
Y-o-Y | 2023 Jan.-Feb. |
2022 Jan.-Feb. |
Y-o-Y | |
|---|---|---|---|---|---|---|
| Cars | 48,292 | 36,856 | 31.0% | 89,020 | 74,133 | 20.1% |
| Light Trucks (Pickup Truck, SUV) | 53,619 | 42,744 | 25.4% | 107,305 | 84,052 | 27.7% |
| Total | 101,911 | 79,600 | 28.0% | 196,325 | 158,185 | 24.1% |
Sales of New Passenger Cars and Light Trucks (Pickup Truck, SUV)
| Maker/Brand | 2023 | 2022 | Y-o-Y | 2023 | 2022 | Y-o-Y | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Feb. | Share | Feb. | Share | Jan.-Feb. | Share | Jan.-Feb. | Share | |||
| Nissan | 19,417 | 19.1% | 15,157 | 19.0% | 28.1% | 36,564 | 18.6% | 29,173 | 18.4% | 25.3% |
| GM | 13,376 | 13.1% | 12,244 | 15.4% | 9.2% | 23,798 | 12.1% | 23,859 | 15.1% | -0.3% |
| VW Group | 11,475 | 11.3% | 8,885 | 11.2% | 29.2% | 21,766 | 11.1% | 16,876 | 10.7% | 29.0% |
| - VW | 8,727 | 8.6% | 7,176 | 9.0% | 21.6% | 16,334 | 8.3% | 14,096 | 8.9% | 15.9% |
| - SEAT | 1,674 | 1.6% | 671 | 0.8% | 149.5% | 3,241 | 1.7% | 1,101 | 0.7% | 194.4% |
| - Audi | 961 | 0.9% | 925 | 1.2% | 3.9% | 1,971 | 1.0% | 1,449 | 0.9% | 36.0% |
| - Porsche | 113 | 0.1% | 113 | 0.1% | 0.0% | 219 | 0.1% | 228 | 0.1% | -3.9% |
| - Bentley | 0 | 0.0% | 0 | 0.0% | -% | 1 | 0.0% | 2 | 0.0% | -50.0% |
| Stellantis | 8,179 | 8.0% | 3,647 | 4.6% | 124.3% | 13,734 | 7.0% | 6,576 | 4.2% | 108.9% |
| - Chrysler *2 | 6,942 | 6.8% | 2,939 | 3.7% | 136.2% | 10,544 | 5.4% | 4,701 | 3.0% | 124.3% |
| - Fiat | 681 | 0.7% | 138 | 0.2% | 393.5% | 1,544 | 0.8% | 353 | 0.2% | 337.4% |
| - Peugeot | 548 | 0.5% | 562 | 0.7% | -2.5% | 1,628 | 0.8% | 1,508 | 1.0% | 8.0% |
| - Alfa Romeo | 8 | 0.0% | 8 | 0.0% | 0.0% | 18 | 0.0% | 14 | 0.0% | 28.6% |
| Kia | 7,341 | 7.2% | 7,018 | 8.8% | 4.6% | 14,846 | 7.6% | 14,373 | 9.1% | 3.3% |
| Toyota | 7,270 | 7.1% | 6,574 | 8.3% | 10.6% | 15,626 | 8.0% | 15,107 | 9.6% | 3.4% |
| Mazda | 5,568 | 5.5% | 4,007 | 5.0% | 39.0% | 12,159 | 6.2% | 7,481 | 4.7% | 62.5% |
| MG | 4,602 | 4.5% | 3,044 | 3.8% | 51.2% | 8,138 | 4.1% | 5,376 | 3.4% | 51.4% |
| Hyundai | 3,918 | 3.8% | 3,879 | 4.9% | 1.0% | 7,191 | 3.7% | 6,680 | 4.2% | 7.6% |
| Ford Motor | 3,047 | 3.0% | 3,149 | 4.0% | -3.2% | 6,404 | 3.3% | 6,472 | 4.1% | -1.1% |
| Chirey / Chery | 3,008 | 3.0% | - | -% | -% | 6,010 | 3.1% | - | -% | -% |
| Suzuki | 2,685 | 2.6% | 3,140 | 3.9% | -14.5% | 5,476 | 2.8% | 5,731 | 3.6% | -4.4% |
| Honda | 2,347 | 2.3% | 1,896 | 2.4% | 23.8% | 5,524 | 2.8% | 5,244 | 3.3% | 5.3% |
| Renault | 2,168 | 2.1% | 1,122 | 1.4% | 93.2% | 4,973 | 2.5% | 3,508 | 2.2% | 41.8% |
| JAC | 1,502 | 1.5% | 1,085 | 1.4% | 38.4% | 3,208 | 1.6% | 2,168 | 1.4% | 48.0% |
| Mercedes-Benz | 1,265 | 1.2% | 818 | 1.0% | 54.6% | 2,034 | 1.0% | 1,820 | 1.2% | 11.8% |
| BMW *1 | 1,166 | 1.1% | 1,273 | 1.6% | -8.4% | 2,500 | 1.3% | 2,586 | 1.6% | -3.3% |
| Mitsubishi | 1,158 | 1.1% | 1,428 | 1.8% | -18.9% | 2,237 | 1.1% | 2,753 | 1.7% | -18.7% |
| MOTORNATION *3 | 834 | 0.8% | 316 | 0.4% | 163.9% | 1,338 | 0.7% | 639 | 0.4% | 109.4% |
| Volvo | 372 | 0.4% | 301 | 0.4% | 23.6% | 676 | 0.3% | 565 | 0.4% | 19.6% |
| Subaru | 306 | 0.3% | 181 | 0.2% | 69.1% | 642 | 0.3% | 329 | 0.2% | 95.1% |
| Lexus | 233 | 0.2% | 58 | 0.1% | 301.7% | 395 | 0.2% | 122 | 0.1% | 223.8% |
| Acura | 202 | 0.2% | 65 | 0.1% | 210.8% | 307 | 0.2% | 157 | 0.1% | 95.5% |
| Infiniti | 134 | 0.1% | 37 | 0.0% | 262.2% | 191 | 0.1% | 91 | 0.1% | 109.9% |
| Isuzu | 129 | 0.1% | 130 | 0.2% | -0.8% | 219 | 0.1% | 207 | 0.1% | 5.8% |
| Lincoln | 112 | 0.1% | 69 | 0.1% | 62.3% | 216 | 0.1% | 161 | 0.1% | 34.2% |
| Land Rover | 87 | 0.1% | 71 | 0.1% | 22.5% | 134 | 0.1% | 121 | 0.1% | 10.7% |
| Jaguar | 10 | 0.0% | 6 | 0.0% | 66.7% | 19 | 0.0% | 10 | 0.0% | 90.0% |
| Total | 101,911 | 100.0% | 79,600 | 100.0% | 28.0% | 196,325 | 100.0% | 158,185 | 100.0% | 24.1% |
*2 Includes sales volume of the Dodge, Jeep and Ram.
*3 Includes sales volume of the BAIC and JMC and CHANGAN.
Source: Instituto Nacional de Estadistica y Geografia (INEGI)
Flash report, January 2023
Feb 8, 2023
*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.
Mexican vehicle sales up 20.1% in January
On February 2, Mexico’s Institito Nacional de Estadistica y Geografia (INEGI) reported sales of 94,414 light vehicles in January 2023, representing a 20.1% increase from the same month in 2022.
General Motors sold 10,422 units in January, a decrease of 10.3% from the previous year.
Volkswagen Group sales of 10,291 units in January had increased 28.8% from the same month in 2022.
Ford sold 3,357 units, an increase of 1.0%, and Stellantis sold 5,555 units, an increase of 89.7%.
Nissan sales of 17,147 units in January increased 22.3% from the same month last year.
Toyota sold 8,356 units, a decrease of 2.1% from 2022, and Honda sold 3,177 units, a decrease of 5.1% from January 2022. Mazda sales increased by 89.7% compared to January 2022 to 6,591 units.
Kia sold 7,505 units in January, an increase of 2.0% from 2022, while Hyundai sales increased 16.9% to 3,273 units.
JAC sold 1,706 units in Mexico in January, 57.5% more than the same month in 2022.
Sales of new vehicles by type(including import cars)
| 2023 Jan. |
2022 Jan. |
Y-o-Y | |
|---|---|---|---|
| Cars | 40,728 | 37,277 | 9.3% |
| Light Trucks (Pickup Truck, SUV) | 53,686 | 41,308 | 30.0% |
| Total | 94,414 | 78,585 | 20.1% |
Sales of New Passenger Cars and Light Trucks (Pickup Truck, SUV)
| Maker/Brand | 2023 | 2022 | Y-o-Y | ||
|---|---|---|---|---|---|
| Jan. | Share | Jan. | Share | ||
| Nissan | 17,147 | 18.2% | 14,016 | 17.8% | 22.3% |
| GM | 10,422 | 11.0% | 11,615 | 14.8% | -10.3% |
| VW Group | 10,291 | 10.9% | 7,991 | 10.2% | 28.8% |
| - VW | 7,607 | 8.1% | 6,920 | 8.8% | 9.9% |
| - SEAT | 1,567 | 1.7% | 430 | 0.5% | 264.4% |
| - Audi | 1,010 | 1.1% | 524 | 0.7% | 92.7% |
| - Porsche | 106 | 0.1% | 115 | 0.1% | -7.8% |
| - Bentley | 1 | 0.0% | 2 | 0.0% | -50.0% |
| Toyota | 8,356 | 8.9% | 8,533 | 10.9% | -2.1% |
| Kia | 7,505 | 7.9% | 7,355 | 9.4% | 2.0% |
| Mazda | 6,591 | 7.0% | 3,474 | 4.4% | 89.7% |
| Stellantis | 5,555 | 5.9% | 2,929 | 3.7% | 89.7% |
| - Chrysler *2 | 3,602 | 3.8% | 1,762 | 2.2% | 104.4% |
| - Peugeot | 1,080 | 1.1% | 946 | 1.2% | 14.2% |
| - Fiat | 863 | 0.9% | 215 | 0.3% | 301.4% |
| - Alfa Romeo | 10 | 0.0% | 6 | 0.0% | 66.7% |
| MG | 3,536 | 3.7% | 2,332 | 3.0% | 51.6% |
| Ford Motor | 3,357 | 3.6% | 3,323 | 4.2% | 1.0% |
| Hyundai | 3,273 | 3.5% | 2,801 | 3.6% | 16.9% |
| Honda | 3,177 | 3.4% | 3,348 | 4.3% | -5.1% |
| Chirey / Chery | 3,002 | 3.2% | - | -% | -% |
| Renault | 2,805 | 3.0% | 2,386 | 3.0% | 17.6% |
| Suzuki | 2,791 | 3.0% | 2,591 | 3.3% | 7.7% |
| JAC | 1,706 | 1.8% | 1,083 | 1.4% | 57.5% |
| BMW *1 | 1,334 | 1.4% | 1,313 | 1.7% | 1.6% |
| Mitsubishi | 1,079 | 1.1% | 1,325 | 1.7% | -18.6% |
| Mercedes-Benz | 769 | 0.8% | 1,002 | 1.3% | -23.3% |
| MOTORNATION *3 | 504 | 0.5% | 323 | 0.4% | 56.0% |
| Subaru | 336 | 0.4% | 148 | 0.2% | 127.0% |
| Volvo | 304 | 0.3% | 264 | 0.3% | 15.2% |
| Lexus | 162 | 0.2% | 64 | 0.1% | 153.1% |
| Acura | 105 | 0.1% | 92 | 0.1% | 14.1% |
| Lincoln | 104 | 0.1% | 92 | 0.1% | 13.0% |
| Isuzu | 90 | 0.1% | 77 | 0.1% | 16.9% |
| Infiniti | 57 | 0.1% | 54 | 0.1% | 5.6% |
| Land Rover | 47 | 0.0% | 50 | 0.1% | -6.0% |
| Jaguar | 9 | 0.0% | 4 | 0.0% | 125.0% |
| Total | 94,414 | 100.0% | 78,585 | 100.0% | 20.1% |
*2 Includes sales volume of the Dodge, Jeep and Ram.
*3 Includes sales volume of the BAIC and JMC and CHANGAN.
Source: Instituto Nacional de Estadistica y Geografia (INEGI)