Vehicle fleet

This section examines the composition of the vehicle fleet in Mexico. Installed vehicle production capacity is over 5 million units annually, placing Mexico among the 10 largest vehicle producers. The composition of the vehicle fleet is shown in the figure below by vehicle type. The total vehicle fleet in Mexico is estimated to reach 60 million units in 2024. Most registered vehicles are light-duty vehicles (LDVs) with 64% of the market in 2023. Heavy-duty vehicles (HDVs) for cargo (trucks) and HDVs for passengers (buses) represented 20% and 2% of the total fleet, respectively, while two and three-wheelers (motorcycles) have a 14% market share.

The five states with the highest number of vehicle units in 2022 were Mexico province with 17%, Mexico City (formerly Federal District