Business · Companies · 6 hrs ago
45,461 New Cars in Mexico Went Without Financing From January to September
45,461 new cars in Mexico went without financing from January through September 2026, according to an industry report.
The loans those purchases would have involved were worth 22.8 billion pesos.
SUVs accounted for the largest share of the unfunded vehicles, followed by subcompact cars and pickup trucks.
The report says credit covered 75.6% of retail new-car purchases, excluding fleet sales, but the share was 62% when fleets were included.
Compared with the same period a year earlier, financing shares rose for SUVs, subcompacts, pickups and sports cars, but fell for compact and luxury cars.
The report says banks, dealer partnerships and car-brand finance companies could pursue this opportunity to make more loans by focusing on segments with stronger performance or adjusting their loan products.
A report said 45,461 new cars in Mexico went without financing from January to September.
The missed financing represented 22.779 billion pesos in potential credit.
SUVs accounted for the largest number of vehicles without financing, followed by subcompacts and pickup trucks.
The report said the national share of retail car purchases made with credit was 75.6%, excluding fleet purchases.
Financing shares rose year over year in four of six vehicle segments but fell for compact and luxury cars.
- Who
- The Mexican Association of Automotive Distributors (AMDA), with JATO and Urban Science, reported the figures.
- What
- 45,461 new cars went without financing, representing 22.779 billion pesos in potential credit.
- When
- From January to September; the year is not stated.
- Where
- Mexico.
- Why
- Not stated.
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- Vehicles without financing
- 45,461
- Potential credit value
- 22.779 billion pesos
- SUVs without financing
- 16,501
- Subcompacts without financing
- 10,860
- Pickup trucks without financing
- 10,061
- National retail financing share, excluding fleets
- 75.6%
What people are saying
this amount of vehicles that went without financing represents a very attractive portfolio for banks, alliances and brand finance companies, so they should focus more on markets or segments with good performance or adjust their mix of financial products to capitalize on this sales opportunity