Mexico

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Mexico  

Population (2023) 129 million
GDP national / per capita (2023) US$1.79 trillion / US$13,876 per capita
Currency MXN peso 
Inflation (Nov 2024) 4.55% 
Interest Rate (Dec 2024) 10%
Unemployment (Oct 2024) 2.5%

Main Industries Automotive, Electronics, Oil 

Vehicle Fleet 

National fleet size (2023)
58.2mn in total

38mn cars & LCVs

+ 11.9mn cargo trucks, 8mn motorcycles, and 466,000 buses

Vehicles produced (2024)
3.99mn(+5.6% y-o-y)
(947,726 cars  &  3.04mn LCVs)

Vehicles registered (2024)
1.5mn (+9.8% y-o-y)

Top 5 brands (2024)
1. Nissan: 255,116 units (+5.8% y-o-y) 
2. GM (mainly Chevrolet): 205,045 (+11.4%) 
3. Volkswagen: 138,181 (+21.2%) 
4. Toyota: 121,968 (+17.1%) 
5. Kia: 104,384 (+11.7%) 

Top 5 models (2024)
1. Nissan Versa (93,278 units) +21.3% 
2. Chevrolet Aveo (58,503) +12%
3. Kia K3 Sedan (40,716) +25.8%
4. Volkswagen Virtus (30,945) +64.5%
5. Nissan March (27,926)  -11%


Factories in country 

Audi, BMW, Cadillac, Chrysler, Buick, Chevrolet, Fiat, Ford, GMC, JAC, Kia, Mercedes Benz, Nissan, Ram, Toyota, Volkswagen 

Coming soon: Tesla, Jetour 

Main Vehicle Leasing Players

Element Fleet Management, Casanova Rent, TIP Mexico, Ayvens

Energy Cost 

Gasoline / liter (Dec 2024)  US$1.25
Diesel / liter (Dec 2024)  US$1.27

Electricity / kilowatt (Jun 2024) US$0.10 (household), US$0.19 (business)