Overview
- Mexico sold 129,736 light vehicles in October, up 6% year over year and the strongest October since 2016, according to INEGI/RAIAVL.
- Monthly momentum improved with a 10.7% rise from September, topping AMDA’s forecast of 125,663 units, said distributor association head Guillermo Rosales.
- For January–October, Mexico reached 1,204,923 units, essentially flat at +0.1% versus 2024, and October sales stood 21.1% above October 2019 levels.
- Consumer shifts favored Japanese brands in October, with Toyota up 30%, Honda up 36.3%, and Mazda up 9.8%, INEGI data show.
- Argentina built 47,204 vehicles in October, down 9.9% year over year, and exported 29,622, down 17.6%, with ADEFA citing competitiveness challenges despite a 12.1% month-on-month export uptick.