Overview
- September registered 37,537 financed vehicle operations, equal to 16.9% of sales and the lowest share so far in 2025, according to Acara.
- Financing penetration fell to 45.8% for new cars and 6.9% for used vehicles, marking year‑to‑date lows in both segments.
- Credit volumes dropped month over month to 25,770 financed new cars (-1.4%) and 11,767 financed used cars (-11.5%), even as new registrations rose 1.7% to 55,827 and used transfers increased 2.29% to 171,364, a September record.
- Banks pulled back most sharply on lending (-18.6%) while automaker finance units declined 2.4%, reflecting tighter offers after peso rates climbed by more than 15 points between July and September.
- Despite the September dip, year‑to‑date financed sales reached 354,468 units, up 69.6% versus the first nine months of 2024, underscoring credit’s role in the market’s recovery when conditions improve.