According to the Report on Financing and Buyers by State January-November 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 September of this year was 58.6%, which represents a advance of 1.1 percentage points compared to the same period of 2021 when it was 57.5%.
In the ranking by segments in the reference period:
Place
segments
Percentage
1
compact
64.3%
2
subcompacts
643.8%
3
SUVs
60.4%
4
minivans
53.3%
5
pick up
49.2%
6
Deluxe
37.4%
7
sports
16.6%
Regarding the periods in which buyers pay their financing, in the segment of Subcompacts, Compacts, SUVs and Sports the preferred period to pay off their units is still 60 months (five years), while in pick-ups, minivans and Luxury the preferred period is 36 months (three years).
Guillermo Rosales Zárate, executive president of AMDA, confirmed that banks maintain a higher proportion of financing in high-end segments such as Sports and Luxury; On the other hand, the financial ones present higher participations in Minivans and Subcompacts.
“Four segments present annual progress in the indicator accumulated to the month of November 2022: Compacts, SUVs, Minivans and Pick-ups” says the head of the AMDA.
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 67.9%, with 15 States above this indexbeing Colima, Sinaloa and Sonora the ones that head this list.