According to the Report on Financing and Buyers by State January-September 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 June of this year was 57.8%, which represents a advance of 0.9 percentage points compared to the same period of 2021 when it was 57.8%.
In the ranking by segments in the reference period:
|
Place
|
segments
|
Percentage
|
|
1
|
compact
|
64.5%
|
|
two
|
subcompacts
|
64%
|
|
3
|
SUVs
|
60.3%
|
|
4
|
minivans
|
53.3%
|
|
5
|
pick up
|
49.2%
|
|
6
|
Deluxe
|
37.2%
|
|
7
|
sports
|
17.2%
|
Regarding the periods in which buyers pay their financing, in four out of seven segments 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).
Guillermo Rosales Zárate, executive president of AMDA, pointed out that banks maintain a higher proportion of financing in high-end segments such as Sports and Luxury, in addition to Pickups; while the financial ones present the highest participations in Minivans and Subcompacts.
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 68.1%, leaving 14 States above this index againbeing Colima, Sinaloa and Sonora the ones that head this list.
Compacts, Subcompacts and SUVs exceed the level of national financing in September 2022, says the head of the AMDA.
The State Opportunity Index by segment between January and October was 42,310 units to be financed, equivalent to an estimate of 21,785 million pesos.
