New Cars in Mexico
New Cars in Mexico
Summary
New Cars in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
New Cars in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The Mexican new cars market recorded revenues of $17.6 billion in 2023, representing a compound annual growth rate (CAGR) of 1.7% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 1.6% between 2018 and 2023, to reach a total of 1.1 million units in 2023.
- According to GlobalData, in 2023, the volume of new cars sold in Mexico experienced an annual growth of 25.9%. The growth is attributed to the rise in disposable income that boosted consumer purchasing power making new vehicle purchases more accessible.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Mexico
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Mexico
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Mexico new cars market with five year forecasts by both value and volume
- What was the size of the Mexico new cars market by value in 2023?
- What will be the size of the Mexico new cars market in 2028?
- What factors are affecting the strength of competition in the Mexico new cars market?
- How has the market performed over the last five years?
- Who are the top competitors in Mexico's new cars market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
3.2. Market volume
4 MARKET SEGMENTATION
4.1. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
5.2. Market volume forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. Renault-Nissan-Mitsubishi Alliance
8.2. Hyundai Motor Co
8.3. Volkswagen AG
8.4. General Motors Co
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
3.2. Market volume
4 MARKET SEGMENTATION
4.1. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
5.2. Market volume forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What are the strengths of the leading players?
8 COMPANY PROFILES
8.1. Renault-Nissan-Mitsubishi Alliance
8.2. Hyundai Motor Co
8.3. Volkswagen AG
8.4. General Motors Co
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Mexico new cars market value: $ billion, 2018-23
Table 2: Mexico new cars market volume: units, 2018-23
Table 3: Mexico new cars market geography segmentation: $ billion, 2023
Table 4: Mexico new cars market value forecast: $ billion, 2023-28
Table 5: Mexico new cars market volume forecast: units, 2023-28
Table 6: Mexico new cars market share: % share, by volume, 2023
Table 7: Renault-Nissan-Mitsubishi Alliance: Key Facts
Table 8: Hyundai Motor Co: Key Facts
Table 9: Hyundai Motor Co: Annual Financial Ratios
Table 10: Hyundai Motor Co: Key Employees
Table 11: Volkswagen AG: Key Facts
Table 12: Volkswagen AG: Annual Financial Ratios
Table 13: Volkswagen AG: Key Employees
Table 14: Volkswagen AG: Key Employees Continued
Table 15: General Motors Co: Key Facts
Table 16: General Motors Co: Annual Financial Ratios
Table 17: General Motors Co: Key Employees
Table 18: General Motors Co: Key Employees Continued
Table 19: Mexico Size of Population (million), 2019-23
Table 20: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 21: Mexico GDP (Current Prices, $ Billion), 2019-23
Table 22: Mexico Inflation, 2019-23
Table 23: Mexico Consumer Price Index (Absolute), 2019-23
Table 24: Mexico Exchange Rate, 2018-23
Table 1: Mexico new cars market value: $ billion, 2018-23
Table 2: Mexico new cars market volume: units, 2018-23
Table 3: Mexico new cars market geography segmentation: $ billion, 2023
Table 4: Mexico new cars market value forecast: $ billion, 2023-28
Table 5: Mexico new cars market volume forecast: units, 2023-28
Table 6: Mexico new cars market share: % share, by volume, 2023
Table 7: Renault-Nissan-Mitsubishi Alliance: Key Facts
Table 8: Hyundai Motor Co: Key Facts
Table 9: Hyundai Motor Co: Annual Financial Ratios
Table 10: Hyundai Motor Co: Key Employees
Table 11: Volkswagen AG: Key Facts
Table 12: Volkswagen AG: Annual Financial Ratios
Table 13: Volkswagen AG: Key Employees
Table 14: Volkswagen AG: Key Employees Continued
Table 15: General Motors Co: Key Facts
Table 16: General Motors Co: Annual Financial Ratios
Table 17: General Motors Co: Key Employees
Table 18: General Motors Co: Key Employees Continued
Table 19: Mexico Size of Population (million), 2019-23
Table 20: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 21: Mexico GDP (Current Prices, $ Billion), 2019-23
Table 22: Mexico Inflation, 2019-23
Table 23: Mexico Consumer Price Index (Absolute), 2019-23
Table 24: Mexico Exchange Rate, 2018-23
LIST OF FIGURES
Figure 1: Mexico new cars market value: $ billion, 2018-23
Figure 2: Mexico new cars market volume: units, 2018-23
Figure 3: Mexico new cars market geography segmentation: % share, by value, 2023
Figure 4: Mexico new cars market value forecast: $ billion, 2023-28
Figure 5: Mexico new cars market volume forecast: units, 2023-28
Figure 6: Forces driving competition in the new cars market in Mexico, 2023
Figure 7: Drivers of buyer power in the new cars market in Mexico, 2023
Figure 8: Drivers of supplier power in the new cars market in Mexico, 2023
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Mexico, 2023
Figure 10: Factors influencing the threat of substitutes in the new cars market in Mexico, 2023
Figure 11: Drivers of degree of rivalry in the new cars market in Mexico, 2023
Figure 12: Mexico new cars market share: % share, by volume, 2023
Figure 1: Mexico new cars market value: $ billion, 2018-23
Figure 2: Mexico new cars market volume: units, 2018-23
Figure 3: Mexico new cars market geography segmentation: % share, by value, 2023
Figure 4: Mexico new cars market value forecast: $ billion, 2023-28
Figure 5: Mexico new cars market volume forecast: units, 2023-28
Figure 6: Forces driving competition in the new cars market in Mexico, 2023
Figure 7: Drivers of buyer power in the new cars market in Mexico, 2023
Figure 8: Drivers of supplier power in the new cars market in Mexico, 2023
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Mexico, 2023
Figure 10: Factors influencing the threat of substitutes in the new cars market in Mexico, 2023
Figure 11: Drivers of degree of rivalry in the new cars market in Mexico, 2023
Figure 12: Mexico new cars market share: % share, by volume, 2023
