Based on historical data, the ownership of passenger cars in Mexico has shown a steady increase from 2013 to 2023. As of 2023, the value stood at 296.87 units per thousand persons. The year-on-year variations indicate a relatively consistent growth rate, peaking in 2017 with a 6.75% increase but slowing to 2.76% by 2023. The Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 averaged at 3.01%.

Future trends point to continued growth, although at a slightly slower pace. The forecasted CAGR from 2024 to 2028 is 1.97%, indicating a 10.27% total growth over the five-year period. Key factors to monitor include economic conditions, government policies on vehicle ownership, advancements in transportation technology, and shifts in consumer preferences towards sustainable mobility solutions.

Future trends to watch for:

Economic factors: Inflation, income levels, and interest rates.
Government policies: Incentives for electric vehicles, regulations on emissions.
Technological advancements: Adoption of electric and autonomous vehicles.
Consumer preferences: Shift towards shared mobility and public transportation.