Car Sales in Mexico Rise 6% in October

New car dealers sold 129,736 units in the country in October, a volume 6% higher than that recorded in the same month in 2024. This is according to the monthly measurement published by Inegi.

This unusual result ranks as the second best in the last ten years, surpassed only by the volume in October 2016, when sales exceeded 137,500 cars and trucks.

With these figures, deliveries of new light vehicles so far this year total 1,204,923, which is 1,342 vehicles (0.1%) more than in the first 10 months of 2024.

It is worth mentioning that the Administrative Registry of the Light Vehicle Automotive Industry (RAIAVL) currently includes fewer companies than a year ago, as some Chinese brands have stopped sharing their results.

If we consider these and other automakers that have never disclosed their sales volumes since their arrival, such as BYD, it can be assumed that during the month of October, the market was much more dynamic than reported in the official data.

The most recent figures suggest that October was a solid month for both new and traditional brands, although in this category, lower-volume companies posted better results.

Among those that do contribute their figures to the RAIAVL, the performance of the Changan brand stood out, which last month recorded a 189% rebound with sales of just over 2,000 units.

The brand, which celebrated its fourth anniversary in the Mexican market last September, delivered more than 15,100 vehicles between January and October, a figure that exceeds that of the same period in 2024 by 178%.

Among traditional automakers, Toyota's monthly results stand out, with a 30.6% increase and sales of almost 12,000 units.

The Japanese brand's cumulative volume for the year exceeds 102,300 cars and trucks, which translates into a 2.9% increase over last year.

Ford performed similarly, reporting a 29% increase with sales of 4,700 units, while Honda saw a 36% uptick with deliveries of nearly 3,900 vehicles.

Another notable result was that of Renault, which sold just under 3,300 vehicles, representing a 37% jump.

Among the brands with double-digit increases are Kia, which delivered more than 9,400 units for a 13.6% increase, and Stellantis, whose volume of 8,230 vehicles represents an 11% increase.

Japanese brands Mazda and Mitsubishi joined the winning streak with solid results, although more moderate than the previous ones, with sales increases of 9.8% and 8.3%, respectively, while their monthly figures were 9,282 for the former and 2,641 for the latter.

Their compatriot Nissan, the market leader, followed closely behind with an increase of 8.1% and the delivery of 22,701 light vehicles, including commercial models.

General Motors, the second-largest domestic automaker by sales volume, recorded marginal growth of 0.3% with the delivery of 16,336 vehicles. The Detroit-based company has accumulated a 5% decline for the year with sales of 159,000 vehicles.

Volkswagen, third in market share, had a better month with sales of 15,266 units and an increase of 2.3%. The German company also shows a downward trend in its cumulative figures for the year, with a decline of -2.8%.

It should be noted that the company includes the figures of its subsidiaries SEAT/Cupra, Porsche, Audi, and Bentley in its monthly report.

Among the brands with declining performance, Mercedes-Benz stands out, recording a 15.2% drop with only 918 units delivered. So far this year, the premium automaker has seen a 14.7% decline in sales.

Suzuki also reported a double-digit drop of 11.2%, with deliveries of just over 3,000 vehicles. Similarly, the Japanese company has seen a decline of -10.5% this year.

Also experiencing declines, albeit more moderate ones, are Hyundai, which reported a drop of 7.5% and sales of almost 4,600 units, and the Bavarian firm BMW, which recorded a drop of 5.1% and a volume of almost 1,600 vehicles.

The Korean company remains in positive territory in terms of cumulative sales, with marginal growth of just 0.6%, while the luxury carmaker has seen a solid rebound of 12.2% compared to its 2024 figures.