According to the Report on Financing and Buyers by State in 2022, carried out by the Mexican Association of Automotive Distributors -AMDA- with the collaboration of JATO and Urban Science, it indicates that Financing for the purchase of new vehicles (retail and fleets) as of January 2023 was 59.2%, which represents a variation of 1.1 percentage points compared to the same period in 2022.
In the ranking by segments in the reference period:
|
Place
|
segments
|
Percentage
|
|
1
|
compact
|
64.4%
|
|
2
|
SUVs
|
61.3%
|
|
3
|
subcompacts
|
60.3%
|
|
4
|
pick up
|
53.4%
|
|
5
|
minivans
|
48.7%
|
|
6
|
Deluxe
|
43.7%
|
|
7
|
sports
|
12.8%
|
Regarding the periods in which buyers pay their financing, in the segments of Subcompacts, Compacts, SUVs, Minivans and Sports the preferred period to pay off their units is still 60 months (five years), while in Pick-ups and Minivans the preferred period is 36 months (three years) while for Luxury it is 24 months (two years).
Guillermo Rosales Zárate, executive president of AMDA, pointed out that, in this first month of 2023, SUVs, Pick-ups, Sports and Luxury are the segments that exceeded the national financing level of 19%..
Rosales pointed out about the participation of credit in retail purchases (without fleets) by State in the same reference period, the percentage of credit at the national level closed at 67.7%, leaving 18 States above this indexbeing Sonora, San Luis Potosí and Puebla the ones that head this list.
“The Minivans, Subcompacts and Compacts segments registered a participation of branded finance companies greater than or equal to the national level of 81 percent,” says the head of the AMDA.
