Mexico: passenger car segment revenue 2023-2029

Significant fluctuations are estimated for all segments over the forecast period for the revenue by make. The revenue by make is forecast to follow mostly a negative trend. A closer examination reveals that the values decrease in more segments than they increase. For instance, the segment Small Cars experiences an exceptionally strong decrease at 2029, with a value of 410.1 million U.S. dollars.

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Passenger car market revenue in Mexico from 2023 to 2029, by segment (in million U.S. dollars)

Characteristic	Medium Cars	Small Cars	SUVs	Pickup Trucks	Large SUVs	Large Cars	Mini Cars	Minivans	Full-Size Vans	Sports Cars	Executive Cars	Luxury Cars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

The Mobility Market specifically covers newly sold passenger cars, including small, medium, executive, and luxury cars as well as SUVs, minivans, and sports cars. However, motorcycles, buses, trucks, large vans, and light utility vehicles are not included. The market's segmentation is based on several factors, including physical properties (weight, volume, wheelbase) and economic factors (pricing, status, etc.). All key figures shown represent the sales of new cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO2 emissions are accordingly based on the basic models. Importantly, our focus is solely on the market for newly sold cars, distinct from the broader category of registered cars.

The Passenger Cars market is divided into further markets for small cars, medium cars, executive cars, luxury cars, SUVs, minivans, and sports cars. Additionally, it delves into different car brands, offering a comprehensive view of the market.

Insights are centered on newly sold cars in standard configurations, excluding used vehicles and customizations. Reported statistics align with base vehicle configurations, ensuring a focused understanding of the dynamic passenger car market.

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