In February, new car sales in Mexico experienced their highest volume since 2017, although with more moderate growth. A total of 117,617 new light vehicles were sold, an increase of 2.8% compared to February 2024. Guillermo Rosales, president of AMDA, pointed out that the figures fell short of the organization's expectations, which had anticipated 119,136 units.
"Regarding performance compared to the previous month, there is a decrease in the new light vehicles sold of 2,363 units, meaning a decline of 2 percent compared to the data from January 2025," added Rosales. The growth rate of the domestic market slowed down in comparison to the years 2024 and 2023.
From January to February, a total of 237,597 light vehicles were sold in Mexico, reflecting an annual growth of 4.4%. This marks the highest volume since 2017. The automotive industry is adjusting after the pandemic, with sales levels surpassing those of 2019.
The 'Big Three' companies in North America (General Motors, Stellantis, and Ford) experienced declines in their sales in Mexico during February. Stellantis reported a decrease of 7.7%, Ford sold 5.4% less, and General Motors recorded a decline of 3.2% in February.
The tariff threats from the United States have generated uncertainty in the automotive industry. CEOs have warned about the impact that tariffs would have on production costs and final car prices. The application of a 25% tariff would affect automotive trade, particularly with the United States.
Brands like Ford, GM, and Stellantis are already feeling the effects of these tariff policies. The slowdown in car exports is a concern, as production dedicated in Mexico would be more affected.
