#Rochester Hills #Mexico #IDF #Mexico Automotive #Vehicle Operations

Mexico's Automotive Triumph: 35.1 Million Vehicles on the Road

In a recent study conducted by Integrate Data Facts (IDF), it was revealed that Mexico has reached a significant milestone in its automotive industry, with a record total of 35.1 million vehicles now in operation across the country. This number not only reflects the growing demand for automotive products and services but also highlights the changing landscape in Mexico's transportation sector.

Key Findings of the Study

The comprehensive 2024 Vehicles in Operation (VIO) study assesses a wide range of vehicles, including cars, vans, SUVs, pickups, and medium and heavy trucks. Some notable findings include:

• - Total Vehicles in Operation: 35.1 million
• - Light Vehicles (Cars and Light Trucks): 34 million
• - Medium and Heavy Trucks: 1.1 million
• - Vehicle Type Breakdown (Classified by ACES): 57% Cars, 34% Trucks, 6% Vans, and 3% Medium/Heavy Trucks
• - Average Vehicle Age: 16.2 years, showing an increase from 16.1 years in 2023.

The increase in the average vehicle age is particularly noteworthy. With an average age of 16.2 years, this indicates a significant population of vehicles that will require ongoing maintenance and repair. Such an aging fleet opens doors for businesses involved in spare parts, servicing, and repair operations within the automotive aftermarket.

Opportunities for the Automotive Aftermarket

According to Evaristo Garcia, CEO of IDF, the average age of vehicles signifies a vital need for consistent maintenance and repairs. He stated, "This translates to robust demand for automotive parts and services, ensuring the continued mobility of the Mexican population." As these vehicles age, the necessity for replacement parts and maintenance will likely grow, creating a wealth of opportunities for companies catering to the automotive market in Mexico.

Despite recent trade tariffs affecting the industry, the sheer volume of 35.1 million vehicles emphasizes the essential services required in terms of fuel, parts, and repairs. It is imperative for businesses in the automotive aftermarket to adapt and thrive in this evolving context, thereby supporting economic growth in Mexico through enhanced mobility.

The Impacts of Vehicle Population

Garcia emphasized that the automotive aftermarket is crucial for maintaining mobility in Mexico. "With 35.1 million vehicles on the road, our role is critical in keeping Mexico moving forward," he added. The insights from the IDF study reflect not just a statistical achievement but an opportunity for innovative solutions aimed at servicing this extensive automotive population.

About Integrate Data Facts (IDF)

Founded in Rochester Hills, Michigan, IDF has made a name for itself as a leading provider of automotive data and market research. This year marks the company's 15th anniversary. IDF specializes in vehicles in operation analysis, providing critical insights that enable businesses to make informed decisions in the automotive landscape throughout Latin America.

As Mexico continues to navigate its path forward with an unprecedented number of vehicles on the roads, the automotive industry looks poised for significant growth, innovation, and opportunity in the coming years.