Mexico  

Population (2024) 129 million
GDP national / per capita (2022) US$1.47 trillion / US$11,395 per capita
Currency MXN peso 
Inflation (June 2024) 4.98% 
Interest Rate (June 2024) 11%
Unemployment (May 2024) 2.6%

Main Industries Automotive, Electronics, Oil 

Vehicle Fleet 

National fleet size (2023)
37mn light vehicles
1mn buses
12mn cargo trucks

Vehicles produced (2023) 4mn (903,000 cars  & 3.1mn commercial vehicles)

Vehicles registered (2022)
1.09mn +7% y-o-y  

Top 5 brands (2023)
1. Nissan: 241,056 units (+ 42.7% y-o-y) 
2. GM (mainly Chevrolet): 184,051 (+11.5%) 
3. VW Group (mainly VW): 149,936 (+37.4%) 
4. Toyota: 104,113 (+8%) 
5. Stellantis (mainly Chrysler): 96,795 (+30.1%)  

Top 5 models (2023)
1. Nissan Versa (118,851 units) 
2. Nissan NP300 (101,482) 
3. Chevrolet Aveo (79,986) 
4. Kia Rio (79,790) 
5. MG-5 (49,238) 

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 (Jan 2024)  US$1.40
Diesel / liter (Jan 2024)  US$1.39

Electricity / kilowatt (Jun 2023) US$0.11 (household), US$0.22 (business)