Mexico 2022. MG Booms (+194.1%) In Growing Vehicle Market (+7.0%)

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The 2023 MG 4 EV
The 2023 MG 4 EV

Mexico Vehicles Market in 2022 totals 1.09 million sales (+7.0%). In December demand grew for the 8th month in a row, with 120,862 new registrations (+24.1%). MG up 194.1%.

Market Trend and Outlook

The Mexican light vehicle market in 2022 totals 1.09 million sales, a 7.0% increase from the prior year. In December demand grew for the 8th month in a row, posting 120,862 new registrations (+24.1%).

Looking at cumulative data from 2022 brand-wise, the first two spots remain unchanged, reporting Nissan in 1st with 168,940 sales (-17.2%) and Chevrolet in 2nd with 155,208 (+30.5%).

Toyota moves into 3rd position with 96,387 (+5.8%), followed by Kia -up 1 spot- with 89,140 sales (+8.7%), Volkswagen -down 2 spots- with 85,941 (-12.7%), Mazda  with 48,275 (+2.9%) and MG -up 8 spots- with 48,112 new car registrations (+194.1%).

Hyundai (+11.1%) and Ford (+1.5%) rank in 8th both reporting 41,357 sales, followed by Suzuki at 40,366 new sales (+22.2%) and Honda in 10th with 39,095 sales (-8.7%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 models.

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