Mexico - Automotive Sales volume, 2024
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Flash report, Automotive sales volume, 2024
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Flash report, March 2024
Apr 4, 2024
*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.
On April 3, Mexico’s Instituto Nacional de Estadistica y Geografia (INEGI) reported sales of 124,395 light vehicles in March, representing an increase of 4.7% from the 118,801 sales in March 2023.
Nissan sold 23,531 units in March, an increase of 4.0% from the previous year.
Overall Volkswagen Group sales of 13,474 units in March increased 12.5% from the same month in 2023.
General Motors sold 17,541 units, an increase of 14.0% from last year.
Ford sold 4,207 units in March, an increase of 32.4% from 2023, while Stellantis sales decreased 6.5% to 9,486 units in March.
Toyota sold 9,091 units, an increase of 25.7%, while Honda sold 3,419 units, an increase of 4.4%, and Mazda sold 7,234 units, an increase of 1.8% from the same month last year.
Kia sales increased 2.5% to 8,505 units, while Hyundai sales increased 17.0% to 4,203 units.
JAC sold 1,927 vehicles, a 12.5% increase from last March.
Chery and Omoda brands sales decreased 38.2% to 2,081 units, while Motornation sold 876 units of BAIC, Changan, and JMC vehicles, 15.4% less than last year.
Cumulative sales for the three months of the year were up 11.0% y/y to 349,753 units.
On March 7, Scotiabank maintained its previous February forecast of 1.39 million full-year sales in Mexico for 2024 and 1.43 million for 2025.
| 2024 Mar. |
2023 Mar. |
Y-o-Y | 2024 Jan.-Mar. |
2023 Jan.-Mar. |
Y-o-Y | |
|---|---|---|---|---|---|---|
| Cars |
52,792
|
55,141
|
-4.3%
|
148,863
|
144,161
|
3.3%
|
| Light Trucks (Pickup Truck, SUV) |
71,603
|
63,660
|
12.5%
|
200,889
|
170,965
|
17.5%
|
| Total |
124,395
|
118,801
|
4.7%
|
349,752
|
315,126
|
11.0%
|
| Maker/Brand | 2024 | 2023 | Y-o-Y | 2024 | 2023 | Y-o-Y | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Mar. | Share | Mar. | Share | Jan.-Mar. | Share | Jan.-Mar. | Share | |||
| Nissan | 23,531 | 18.9% | 22,623 | 19.0% | 4.0% | 61,829 | 17.7% | 59,187 | 18.8% | 4.5% |
| GM | 17,541 | 14.1% | 15,387 | 13.0% | 14.0% | 49,133 | 14.0% | 39,185 | 12.4% | 25.4% |
| VW Group | 13,474 | 10.8% | 11,980 | 10.1% | 12.5% | 40,859 | 11.7% | 33,746 | 10.7% | 21.1% |
| - VW | 10,436 | 8.4% | 8,540 | 7.2% | 22.2% | 31,776 | 9.1% | 24,874 | 7.9% | 27.7% |
| - SEAT | 1,915 | 1.5% | 2,054 | 1.7% | -6.8% | 5,853 | 1.7% | 5,295 | 1.7% | 10.5% |
| - Audi | 942 | 0.8% | 1,233 | 1.0% | -23.6% | 2,693 | 0.8% | 3,204 | 1.0% | -15.9% |
| - Porsche | 180 | 0.1% | 150 | 0.1% | 20.0% | 536 | 0.2% | 369 | 0.1% | 45.3% |
| - Bentley | 1 | 0.0% | 3 | 0.0% | -66.7% | 1 | 0.0% | 4 | 0.0% | -75.0% |
| Stellantis | 9,486 | 7.6% | 10,150 | 8.5% | -6.5% | 24,142 | 6.9% | 23,884 | 7.6% | 1.1% |
| - Chrysler *2 | 6,404 | 5.1% | 7,931 | 6.7% | -19.3% | 16,259 | 4.6% | 18,475 | 5.9% | -12.0% |
| - Peugeot | 1,618 | 1.3% | 1,322 | 1.1% | 22.4% | 3,974 | 1.1% | 2,950 | 0.9% | 34.7% |
| - Fiat | 1,414 | 1.1% | 888 | 0.7% | 59.2% | 3,758 | 1.1% | 2,432 | 0.8% | 54.5% |
| - Alfa Romeo | 50 | 0.0% | 9 | 0.0% | 455.6% | 151 | 0.0% | 27 | 0.0% | 459.3% |
| Toyota | 9,091 | 7.3% | 7,231 | 6.1% | 25.7% | 27,942 | 8.0% | 22,857 | 7.3% | 22.2% |
| Kia | 8,505 | 6.8% | 8,301 | 7.0% | 2.5% | 24,804 | 7.1% | 23,147 | 7.3% | 7.2% |
| Mazda | 7,234 | 5.8% | 7,105 | 6.0% | 1.8% | 20,196 | 5.8% | 19,264 | 6.1% | 4.8% |
| MG | 5,015 | 4.0% | 4,925 | 4.1% | 1.8% | 13,421 | 3.8% | 13,063 | 4.1% | 2.7% |
| Ford Motor | 4,207 | 3.4% | 3,177 | 2.7% | 32.4% | 12,665 | 3.6% | 9,581 | 3.0% | 32.2% |
| Hyundai | 4,203 | 3.4% | 3,591 | 3.0% | 17.0% | 12,006 | 3.4% | 10,782 | 3.4% | 11.4% |
| Suzuki | 3,813 | 3.1% | 3,944 | 3.3% | -3.3% | 10,537 | 3.0% | 9,420 | 3.0% | 11.9% |
| Honda | 3,419 | 2.7% | 3,274 | 2.8% | 4.4% | 10,231 | 2.9% | 8,798 | 2.8% | 16.3% |
| Renault | 3,154 | 2.5% | 4,442 | 3.7% | -29.0% | 9,053 | 2.6% | 9,415 | 3.0% | -3.8% |
| Mitsubishi | 2,679 | 2.2% | 2,336 | 2.0% | 14.7% | 6,073 | 1.7% | 4,573 | 1.5% | 32.8% |
| Chirey / Chery *4 | 2,081 | 1.7% | 3,369 | 2.8% | -38.2% | 7,048 | 2.0% | 9,379 | 3.0% | -24.9% |
| JAC | 1,927 | 1.5% | 1,713 | 1.4% | 12.5% | 5,629 | 1.6% | 4,921 | 1.6% | 14.4% |
| BMW *1 | 1,483 | 1.2% | 1,133 | 1.0% | 30.9% | 4,120 | 1.2% | 3,633 | 1.2% | 13.4% |
| Mercedes-Benz | 1,234 | 1.0% | 1,624 | 1.4% | -24.0% | 2,965 | 0.8% | 3,658 | 1.2% | -18.9% |
| MOTORNATION *3 | 876 | 0.7% | 1,035 | 0.9% | -15.4% | 2,712 | 0.8% | 2,373 | 0.8% | 14.3% |
| Isuzu | 253 | 0.2% | 162 | 0.1% | 56.2% | 545 | 0.2% | 381 | 0.1% | 43.0% |
| Volvo | 246 | 0.2% | 435 | 0.4% | -43.4% | 844 | 0.2% | 1,111 | 0.4% | -24.0% |
| Subaru | 223 | 0.2% | 157 | 0.1% | 42.0% | 846 | 0.2% | 799 | 0.3% | 5.9% |
| Lexus | 209 | 0.2% | 230 | 0.2% | -9.1% | 659 | 0.2% | 625 | 0.2% | 5.4% |
| Lincoln | 185 | 0.1% | 140 | 0.1% | 32.1% | 478 | 0.1% | 356 | 0.1% | 34.3% |
| Land Rover | 113 | 0.1% | 170 | 0.1% | -33.5% | 393 | 0.1% | 304 | 0.1% | 29.3% |
| Infiniti | 104 | 0.1% | 88 | 0.1% | 18.2% | 328 | 0.1% | 279 | 0.1% | 17.6% |
| Acura | 96 | 0.1% | 75 | 0.1% | 28.0% | 262 | 0.1% | 382 | 0.1% | -31.4% |
| Jaguar | 13 | 0.0% | 4 | 0.0% | 225.0% | 33 | 0.0% | 23 | 0.0% | 43.5% |
| Total | 124,395 | 100.0% | 118,801 | 100.0% | 4.7% | 349,753 | 100.0% | 315,126 | 100.0% | 11.0% |
*2 Includes sales volume of the Dodge, Jeep and Ram.
*3 Includes sales volume of the BAIC and JMC and CHANGAN.
*4 Includes sales volume of the Chirey and Omoda.
Source: Instituto Nacional de Estadistica y Geografia (INEGI)
Flash report, February 2024
Mar 5, 2024
*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 11.1% in February 2024
On March 4, Mexico’s Institito Nacional de Statistic y Geografia (INEGI) reported sales of 113,258 light vehicles in February, representing a 11.1% increase from the 225,358 sales in February 2023.
Nissan sold 18,328 units in February, a decrease of 5.6% from the previous year.
General Motors sold 16,133 units, an increase of 20.6% from last year.
Overall Volkswagen Group sales of 13,770 units in February increased 20.0% from the same month in 2023.
Toyota sold 9,587 units in February, an increase of 31.9% from 2023, while Kia sales increased 10.3% to 8,095 units in February.
Stellantis sold 7,702 units, a decrease of 5.8%, while Mazda sold 6,626 units, an increase of 19.0%, and MG sold 4,398 units, a decrease of 4.4% from the same month last year.
Ford sales increased 35.1% to 4,118 units, while Hyundai sales increased 3.1% to 4,038 units.
Chery and Omoda brands sold 2,367 vehicles, a decreased 21.3% from last February.
JAC sales increased 33.2% to 2,001 units, while Motornation sold 1,016 units of BAIC, Changan, and JMC vehicles, 21.8% more than last year.
Cumulative sales for the two months of the year were up 14.8% y/y to 225,358 units.
As of February 8, Scotiabank expected 1.39 million annual auto sales in 2024 and 1.43 million annual auto sales in 2025.
Sales of new vehicles by type(including import cars)
| 2024 Feb. |
2023 Feb. |
Y-o-Y | 2024 Jan.-Feb. |
2023 Jan.-Feb. |
Y-o-Y | |
|---|---|---|---|---|---|---|
| Cars | 48,095 | 48,292 | -0.4% | 96,072 | 89,020 | 7.9% |
| Light Trucks (Pickup Truck, SUV) | 65,163 | 53,619 | 21.5% | 129,286 | 107,305 | 20.5% |
| Total | 113,258 | 101,911 | 11.1% | 225,358 | 196,325 | 14.8% |
Source: Instituto Nacional de Estadistica y Geografia (INEGI)
Sales of New Passenger Cars and Light Trucks (Pickup Truck, SUV)
| Maker/Brand | 2024 | 2023 | Y-o-Y | 2024 | 2023 | Y-o-Y | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Feb. | Share | Feb. | Share | Jan.-Feb. | Share | Jan.-Feb. | Share | |||
| Nissan | 18,328 | 16.2% | 19,417 | 19.1% | -5.6% | 38,298 | 17.0% | 36,564 | 18.6% | 4.7% |
| GM | 16,133 | 14.2% | 13,376 | 13.1% | 20.6% | 31,592 | 14.0% | 23,798 | 12.1% | 32.8% |
| VW Group | 13,770 | 12.2% | 11,475 | 11.3% | 20.0% | 27,385 | 12.2% | 21,766 | 11.1% | 25.8% |
| - VW | 10,645 | 9.4% | 8,727 | 8.6% | 22.0% | 21,340 | 9.5% | 16,334 | 8.3% | 30.6% |
| - SEAT | 2,079 | 1.8% | 1,674 | 1.6% | 24.2% | 3,938 | 1.7% | 3,241 | 1.7% | 21.5% |
| - Audi | 879 | 0.8% | 961 | 0.9% | -8.5% | 1,751 | 0.8% | 1,971 | 1.0% | -11.2% |
| - Porsche | 167 | 0.1% | 113 | 0.1% | 47.8% | 356 | 0.2% | 219 | 0.1% | 62.6% |
| - Bentley | 0 | 0.0% | 0 | 0.0% | -% | 0 | 0.0% | 1 | 0.0% | -100.0% |
| Toyota | 9,587 | 8.5% | 7,270 | 7.1% | 31.9% | 18,851 | 8.4% | 15,626 | 8.0% | 20.6% |
| Kia | 8,095 | 7.1% | 7,341 | 7.2% | 10.3% | 16,299 | 7.2% | 14,846 | 7.6% | 9.8% |
| Stellantis | 7,702 | 6.8% | 8,179 | 8.0% | -5.8% | 14,656 | 6.5% | 13,734 | 7.0% | 6.7% |
| - Chrysler *2 | 5,332 | 4.7% | 6,942 | 6.8% | -23.2% | 9,855 | 4.4% | 10,544 | 5.4% | -6.5% |
| - Fiat | 1,229 | 1.1% | 681 | 0.7% | 80.5% | 2,344 | 1.0% | 1,544 | 0.8% | 51.8% |
| - Peugeot | 1,094 | 1.0% | 548 | 0.5% | 99.6% | 2,356 | 1.0% | 1,628 | 0.8% | 44.7% |
| - Alfa Romeo | 47 | 0.0% | 8 | 0.0% | 487.5% | 101 | 0.0% | 18 | 0.0% | 461.1% |
| Mazda | 6,626 | 5.9% | 5,568 | 5.5% | 19.0% | 12,962 | 5.8% | 12,159 | 6.2% | 6.6% |
| MG | 4,398 | 3.9% | 4,602 | 4.5% | -4.4% | 8,406 | 3.7% | 8,138 | 4.1% | 3.3% |
| Ford Motor | 4,118 | 3.6% | 3,047 | 3.0% | 35.1% | 8,458 | 3.8% | 6,404 | 3.3% | 32.1% |
| Hyundai | 4,038 | 3.6% | 3,918 | 3.8% | 3.1% | 7,803 | 3.5% | 7,191 | 3.7% | 8.5% |
| Suzuki | 3,449 | 3.0% | 2,685 | 2.6% | 28.5% | 6,724 | 3.0% | 5,476 | 2.8% | 22.8% |
| Honda | 3,352 | 3.0% | 2,347 | 2.3% | 42.8% | 6,812 | 3.0% | 5,524 | 2.8% | 23.3% |
| Renault | 2,598 | 2.3% | 2,168 | 2.1% | 19.8% | 5,899 | 2.6% | 4,973 | 2.5% | 18.6% |
| Chirey / Chery *4 | 2,367 | 2.1% | 3,008 | 3.0% | -21.3% | 4,967 | 2.2% | 6,010 | 3.1% | -17.4% |
| JAC | 2,001 | 1.8% | 1,502 | 1.5% | 33.2% | 3,702 | 1.6% | 3,208 | 1.6% | 15.4% |
| Mitsubishi | 1,859 | 1.6% | 1,158 | 1.1% | 60.5% | 3,394 | 1.5% | 2,237 | 1.1% | 51.7% |
| BMW *1 | 1,401 | 1.2% | 1,166 | 1.1% | 20.2% | 2,637 | 1.2% | 2,500 | 1.3% | 5.5% |
| MOTORNATION *3 | 1,016 | 0.9% | 834 | 0.8% | 21.8% | 1,836 | 0.8% | 1,338 | 0.7% | 37.2% |
| Mercedes-Benz | 848 | 0.7% | 1,265 | 1.2% | -33.0% | 1,731 | 0.8% | 2,034 | 1.0% | -14.9% |
| Subaru | 301 | 0.3% | 306 | 0.3% | -1.6% | 623 | 0.3% | 642 | 0.3% | -3.0% |
| Volvo | 292 | 0.3% | 372 | 0.4% | -21.5% | 598 | 0.3% | 676 | 0.3% | -11.5% |
| Lexus | 221 | 0.2% | 233 | 0.2% | -5.2% | 450 | 0.2% | 395 | 0.2% | 13.9% |
| Isuzu | 202 | 0.2% | 129 | 0.1% | 56.6% | 292 | 0.1% | 219 | 0.1% | 33.3% |
| Lincoln | 177 | 0.2% | 112 | 0.1% | 58.0% | 293 | 0.1% | 216 | 0.1% | 35.6% |
| Land Rover | 158 | 0.1% | 87 | 0.1% | 81.6% | 280 | 0.1% | 134 | 0.1% | 109.0% |
| Infiniti | 123 | 0.1% | 134 | 0.1% | -8.2% | 224 | 0.1% | 191 | 0.1% | 17.3% |
| Acura | 89 | 0.1% | 202 | 0.2% | -55.9% | 166 | 0.1% | 307 | 0.2% | -45.9% |
| Jaguar | 9 | 0.0% | 10 | 0.0% | -10.0% | 20 | 0.0% | 19 | 0.0% | 5.3% |
| Total | 113,258 | 100.0% | 101,911 | 100.0% | 11.1% | 225,358 | 100.0% | 196,325 | 100.0% | 14.8% |
*2 Includes sales volume of the Dodge, Jeep and Ram.
*3 Includes sales volume of the BAIC and JMC and CHANGAN.
*4 Includes sales volume of the Chirey and Omoda.
Source: Instituto Nacional de Estadistica y Geografia (INEGI)
Flash report, January 2024
Feb 5, 2024
*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 18.7% in January 2024
On February 2, Mexico’s Institito Nacional de Estadistica y Geografia (INEGI) reported sales of 112,100 light vehicles in January, representing a 18.7% increase from the 94,414 sales in January 2023.
Nissan sold 19,970 units in January, an increase of 16.5% from the previous year.
Overall Volkswagen Group sales of 13,615 units in January increased 32.3% from the same month in 2023.
General Motors sold 15,459 units, an increase of 48.3% from last year.
Ford sold 4,340 units in January, an increase of 29.3% from 2023, while Stellantis sales increased 25.2% to 6,954 units in January.
Toyota sold 9,264 units, an increase of 10.9%, while Honda sold 3,460 units, an increase of 8.9%, and Mazda sold 6,336 units, a decrease of 3.9% from the same month last year.
Kia sales increased 9.3% to 8,204 units, while Hyundai sales increased 15.0% to 3,765 units.
JAC sold 1,701 vehicles, a 0.3% decrease from last January.
Chery and Omoda brands sales decreased 13.4% to 2,600 units, while Motornation sold 820 units of BAIC, Changan, and JMC vehicles, 62.7% more than last year.
As of January 17, Scotiabank expected 1.39 million annual auto sales in 2024 and 1.43 million annual auto sales in 2025.
Sales of new vehicles by type(including import cars)
| 2024 Jan. |
2023 Jan. |
Y-o-Y | |
|---|---|---|---|
| Cars | 47,977 | 40,728 | 17.8% |
| Light Trucks (Pickup Truck, SUV) | 64,123 | 53,686 | 19.4% |
| Total | 112,100 | 94,414 | 18.7% |
Source: Instituto Nacional de Estadistica y Geografia (INEGI)
Sales of New Passenger Cars and Light Trucks (Pickup Truck, SUV)
| Maker/Brand | 2024 | 2023 | Y-o-Y | ||
|---|---|---|---|---|---|
| Jan. | Share | Jan. | Share | ||
| Nissan | 19,970 | 17.8% | 17,147 | 18.2% | 16.5% |
| GM | 15,459 | 13.8% | 10,422 | 11.0% | 48.3% |
| VW Group | 13,615 | 12.1% | 10,291 | 10.9% | 32.3% |
| - VW | 10,695 | 9.5% | 7,607 | 8.1% | 40.6% |
| - SEAT | 1,859 | 1.7% | 1,567 | 1.7% | 18.6% |
| - Audi | 872 | 0.8% | 1,010 | 1.1% | -13.7% |
| - Porsche | 189 | 0.2% | 106 | 0.1% | 78.3% |
| - Bentley | 0 | 0.0% | 1 | 0.0% | -100.0% |
| Toyota | 9,264 | 8.3% | 8,356 | 8.9% | 10.9% |
| Kia | 8,204 | 7.3% | 7,505 | 7.9% | 9.3% |
| Stellantis | 6,954 | 6.2% | 5,555 | 5.9% | 25.2% |
| - Chrysler *2 | 4,523 | 4.0% | 3,602 | 3.8% | 25.6% |
| - Peugeot | 1,262 | 1.1% | 1,080 | 1.1% | 16.9% |
| - Fiat | 1,115 | 1.0% | 863 | 0.9% | 29.2% |
| - Alfa Romeo | 54 | 0.0% | 10 | 0.0% | 440.0% |
| Mazda | 6,336 | 5.7% | 6,591 | 7.0% | -3.9% |
| Ford Motor | 4,340 | 3.9% | 3,357 | 3.6% | 29.3% |
| MG | 4,008 | 3.6% | 3,536 | 3.7% | 13.3% |
| Hyundai | 3,765 | 3.4% | 3,273 | 3.5% | 15.0% |
| Honda | 3,460 | 3.1% | 3,177 | 3.4% | 8.9% |
| Renault | 3,301 | 2.9% | 2,805 | 3.0% | 17.7% |
| Suzuki | 3,275 | 2.9% | 2,791 | 3.0% | 17.3% |
| Chirey / Chery *4 | 2,600 | 2.3% | 3,002 | 3.2% | -13.4% |
| JAC | 1,701 | 1.5% | 1,706 | 1.8% | -0.3% |
| Mitsubishi | 1,535 | 1.4% | 1,079 | 1.1% | 42.3% |
| BMW *1 | 1,236 | 1.1% | 1,334 | 1.4% | -7.3% |
| Mercedes-Benz | 883 | 0.8% | 769 | 0.8% | 14.8% |
| MOTORNATION *3 | 820 | 0.7% | 504 | 0.5% | 62.7% |
| Subaru | 322 | 0.3% | 336 | 0.4% | -4.2% |
| Volvo | 306 | 0.3% | 304 | 0.3% | 0.7% |
| Lexus | 229 | 0.2% | 162 | 0.2% | 41.4% |
| Land Rover | 122 | 0.1% | 47 | 0.0% | 159.6% |
| Lincoln | 116 | 0.1% | 104 | 0.1% | 11.5% |
| Infiniti | 101 | 0.1% | 57 | 0.1% | 77.2% |
| Isuzu | 90 | 0.1% | 90 | 0.1% | 0.0% |
| Acura | 77 | 0.1% | 105 | 0.1% | -26.7% |
| Jaguar | 11 | 0.0% | 9 | 0.0% | 22.2% |
| Total | 112,100 | 100.0% | 94,414 | 100.0% | 18.7% |
*1 Includes sales volume of the MINI.
*2 Includes sales volume of the Dodge, Jeep and Ram.
*3 Includes sales volume of the BAIC and JMC and CHANGAN.
*4 Includes sales volume of the Chirey and Omoda.
Source: Instituto Nacional de Estadistica y Geografia (INEGI)