In October, vehicle registrations in Mexico grew by 27.78% with respect to October of 2015. In total, 1,579,874 cars were registered and 1,579,874 new cars were sold in the last twelve months, 27.78% more than the year before.
The breakdown of car sales figures for the month of October is:
- Commercial vehicles sold: 562,345, 19.59% more than in October of 2015.
- Passenger cars regitrations: 87,881, which represents a figure of 14.30% more than in October of 2015.
Mexico is among the ten countries where the greatest number of cars have been registered in the last year, in ranking of 36 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Mexicans residents, when compared to the other countries in the ranking, is the number of vehicles sold or registered per thousand residents in the last year. With annual sales of 12.44 cars per 1,000 residents, 12.44 of them in the last month, Mexico, occupies 28th place in the ranking.
As can be seen, the number of registrations per thousand residents has grown in the last year. The increase in this figure is positive, as it generally indicates improved public confidence in the country's economy.
Changes in Mexican vehicle registration numbers are shown in the tables below. As several studies indicate, these changes are very much related to changes in GDP and, hence, to a country's economic situation. Sales have grown since 2006, as 1,190,189 were produced that year as have the number of registrations per thousand residents, which that year numbered 11.11.
Here we show you the progression of vehicle registrations in Mexico. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Mexico in en Mexican economy.