According to the Report on Financing and Buyers by State in 2023, 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) during the first quarter was 55.5%, which represents a decrease of 3.4 percentage points compared to the same period in 2022.
In the ranking by segments in the reference period:
|
Place
|
segments
|
Percentage
|
|
1
|
compact
|
60.4%
|
|
2
|
SUVs
|
59.3%
|
|
3
|
subcompacts
|
55.2%
|
|
4
|
minivans
|
50.8%
|
|
5
|
pick up
|
49.0%
|
|
6
|
Deluxe
|
32.5%
|
|
7
|
sports
|
14.3%
|
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 your units is still 60 months (five years), while in Pick-ups and Minivans the preferred period is 36 months (three years) while for Pick-ups and Luxury it is 24 months (two years).
Guillermo Rosales Zárate, executive president of AMDA, pointed out that, “in this ranking of consumer preferences by segments, in the reference period Minivans surpassed Pick-ups”
In terms of financing by segments; Subcompacts, Compacts, SUVs, and Sports Cars, 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) and in Luxury it remains in 24 months (2 years).
The state Opportunity Index by segment between January and March of this year was 16,631 units to be financed, equivalent to 8 thousand 821 million pesos.
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 65.6%being Sonora, Puebla and Chiapas where their buyers use credit preferably over cash purchases.
