The number of passenger cars in Mexico is projected to see consistent growth from 2024 to 2028. In 2023, the metric was at 34.31 Units Per Million USD GDP. The year-on-year variations are steady, with a notable increase each year: 2.27% in 2024, 2.28% in 2025, 2.23% in 2026, 2.15% in 2027, and 2.11% in 2028. Over the entire forecast period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) stands at approximately 2.21%.
Future trends to watch for include changes in consumer purchasing power, government regulations affecting automotive imports, advancements in electric and hybrid vehicles, and the impact of macroeconomic conditions such as GDP growth and inflation rates. These factors are likely to influence the growth trajectory of passenger car sales in Mexico.
