Mexico's Automotive Landscape at a Glance
According to recent data from Integrate Data Facts (IDF), Mexico has achieved an unprecedented milestone with
35.1 million vehicles officially in operation (VIO) as of the end of 2024. This significant number has sparked discussions about the growth of the automotive sector in the country, underlining the increasing demand for automotive products and services.
The comprehensive research conducted by IDF considered vehicles from model years ranging from
1961 to 2025, which includes passenger cars, vans, SUVs, pickups, as well as medium to heavy trucks. Some of the key findings highlight:
- - A total of 35.1 million vehicles in operation.
- - 34 million light vehicles, which encompass passenger cars and light trucks.
- - 1.1 million medium and heavy trucks.
- - Breakdown by vehicle type (using ACES classification): 57% passenger cars, 34% trucks, 6% vans, and 3% medium and heavy trucks.
- - The average age of vehicles is around 16.2 years, a slight increase from the previous year's 16.1 years.
This increase in average vehicle age presents a unique challenge and opportunity for businesses operating in the automotive aftermarket. Older vehicles generally require
more maintenance, repairs, and replacement parts, thereby creating a robust demand for aftermarket services. As stated by Evaristo Garcia, CEO of IDF, the average vehicle age of
16.2 years signifies the large population of vehicles that need consistent upkeep and service. This increase in service demand translates to opportunities for firms specializing in
auto parts and other services to cater to an aging fleet.
Notably, the
35.1 million vehicles that are actively running on the roads also necessitate essential resources including fuel, spare parts, repairs, and tires, emphasizing the importance of the auto parts market in supporting Mexico’s vehicle population. In the face of recent trade tariffs and economic challenges, it becomes crucial for businesses in this sector to efficiently serve the growing market. Evaristo continued, stating, "The presence of 35.1 million vehicles places the auto parts market at the heart of Mexico's economic progress."
As IDF celebrates its
15th anniversary since its founding, it reaffirms its position as a leading provider of vehicle data and market research. The expertise offered by IDF allows companies to make informed decisions and harness new market opportunities effectively, highlighting its role in shaping the automotive landscape in Mexico.
In conclusion, with a record number of vehicles in operation, Mexico is not just witnessing a surge in automotive growth, but also positioning itself as a vibrant market for auto parts and services. The implications of such growth affect not only the economy but also the daily lives of Mexican citizens who rely on these vehicles for mobility.
For any inquiries, please contact:
Evaristo Garcia, CEO
Email: [email protected]
Website:
www.idfacts.com