Key Market Indicators
By 2026, Mexico is projected to reach 1,106,900 vehicle registrations. This number is slightly down from 1,042,100 in 2021, representing a yearly decrease of 0.7% on average. Since 2010, the Mexican market has dropped 8.8% year-on-year. In the same period, vehicle production in Mexico is set to reach 4,944,400 units, up from 4,298,700 in 2021. This number represents an average yearly growth of 2.1% since 2002. In 2021, Mexico was the sixth-largest vehicle producer in the world, behind Germany (4,298,700 units), the United States, Japan, and India.