Households drive market demand, with household spending representing 80.7% of total demand in 2023. Petróleos Mexicanos EPE is the largest company in Mexico, generating 58.9% of the industry’s total turnover value in 2023. The industry is concentrated, with the top five companies generating 78.8% of total production value in 2023. The total number of companies increases in 2023, to 1,303,255 units. The costs of the industry increase by 24.3% in 2023, largely driven by rising labour costs. The industry’s profitability decreases and stands at 25.7% of turnover in 2023, the third highest regionally. With turnover of USD59.7 billion, Mexico accounts for 36.2% of the Latin America total in 2023.
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This Euromonitor industrial report provides unique information on Sale, Maintenance and Repair of Motor Vehicles, Retail Sale of Automotive Fuel in Mexico: ISIC 50. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Sale, Maintenance and Repair of Motor Vehicles, Retail Sale of Automotive Fuel in Mexico: ISIC 50 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of retail, sale, maintenance and repair of motor vehicles, retail sale of automotive fuel, and wholesale trade.
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