Overview and Key Players
In May 2025, Mexico’s new car sales fell by 0.4% annually to 119,961 vehicles, marking two consecutive months of decline, according to the National Institute of Geography and Statistics (Inegi). The annual growth rate for sales has slowed significantly, with 593,284 units sold by May 2025, compared to a 13% increase in the same period of 2024. Moreover, May 2025 sales were 2.8% lower than the same month in 2017, which previously recorded the highest sales.
Top Five Car Dealers and Their Performance
- Grupo Volkswagen: This group, which includes Audi, Bentley, Porsche, Seat, and Volkswagen, experienced a 10.2% decrease in sales, resulting in 12,618 vehicles sold.
- General Motors: The company reported a 5.8% decrease in automobile sales, with a total of 15,604 vehicles sold.
- Nissan: Nissan led in sales, expanding by 8.4% to reach 22,573 vehicles sold.
Notable Absences and Chinese Brands
Since April, the Chinese company Chirey and its brands Omoda-Jaecco have ceased reporting data to Inegi. However, Chirey’s management in Mexico has stated that this is merely a temporary pause. Prior to Chirey, the Chinese brand Jetour also stopped sharing its information, though its contribution was minimal. Other Chinese brands that do not disclose their statistics include BYD, Geely, and GAC.
Key Questions and Answers
- What is the main issue in Mexico’s new car sales? Sales have dropped 0.4% annually in May 2025, marking two consecutive months of decline. The annual growth rate for sales has slowed significantly.
- Which car dealers experienced notable decreases in sales? Grupo Volkswagen and General Motors both reported significant decreases in sales. Grupo Volkswagen sold 10.2% fewer vehicles, while General Motors sold 5.8% fewer automobiles.
- Who led in new car sales in May 2025? Nissan led the market, expanding its sales by 8.4%.
- Why have some Chinese car brands stopped reporting data to Inegi? Chirey and Jetour have ceased sharing their sales information, while other Chinese brands like BYD, Geely, and GAC do not disclose their statistics.
