During October, the active demand of the domestic market for heavy vehicles generated a 43.5% growth in wholesale sales, reaching 6,675 units sold, according to the National Association of Bus, Truck and Tractor Truck Producers (ANPACT). So far this year, wholesale sales have reached 51,828 units, 15.1% above the same period last year, according to ANPACT.
"This year, we have addressed the dynamism of the domestic market in Mexico, so we expect that by the end of the year wholesale sales will potentially reach around 60,000 units, an increase of 12.4% compared to 2023," explained Virginia Olalde López Gavito, Director of Foreign Trade and Economic Studies of ANPACT.
As for retail sales, the Mexican Association of Automotive Distributors reported a growth of 17.82% in October, with 5,521 units sold, and a total of 47,815 vehicles placed in the January-October accumulation, representing an 11.38% increase compared to the previous year.
Regarding the production of heavy vehicles, ANPACT reported a reduction of 7.8% in the month and 4% in the year-to-date. This decrease is attributed to domestic demand leading the industry to direct production mainly to the local market rather than to exports, which usually receives 80% of the produced vehicles destined for the United States and Canada.
On the other hand, exports decreased by 9.1% from January to October, dropping from 149,066 units in 2023 to 135,534 vehicles in the same period of the current year. Meanwhile, the market in the United States has reported a 9.5% decline in heavy vehicle sales this year, which has also contributed to the reduction of exports from Mexico.
Guillermo Rosales Zárate, president of AMDA, pointed out that although exports have decreased, domestic sales have managed to compensate for this situation, especially with a reduction in the sales of used vehicles from the United States, which has strengthened domestic demand and helped mitigate the impact of the export decrease for the industry.
