- Mexico heavy-duty vehicle wholesale sales surged 45.5% in June.
- Fleet renewal incentives supported commercial vehicle market recovery.
After several months of mixed market conditions, Mexico recorded a notable improvement in its heavy-duty vehicle market during June. According to ANPACT, wholesale sales climbed 45.5% year over year to 3,278 units. During the first six months of the year, wholesale deliveries reached 14,979 units, representing a 3.1% increase compared with the corresponding period last year. The latest figures indicate improving demand while the industry continues to navigate changing market conditions and policy developments.
June Production and Export Performance
Heavy-duty vehicle manufacturing totaled 15,262 units during June, reflecting a 7.6% year-over-year increase. Despite the monthly improvement, cumulative production for the first half of the year declined 13.0% to 70,876 units. Export activity also strengthened during June, rising 3.2% to 12,730 units. However, exports for the January-to-June period fell 14.5% year over year to 58,260 units, showing that international demand has not yet fully recovered despite stronger monthly performance.
Heavy-Duty Vehicle Performance in Mexico
| Metric | June Performance | First Half Performance |
|---|---|---|
| Wholesale Sales | 3,278 units (+45.5%) | 14,979 units (+3.1%) |
| Production | 15,262 units (+7.6%) | 70,876 units (-13.0%) |
| Exports | 12,730 units (+3.2%) | 58,260 units (-14.5%) |
Factors Supporting the Market Recovery
ANPACT attributed the stronger June performance to several contributing factors. These included a modest recovery in the United States market, higher passenger transportation demand associated with the World Cup, and stronger fleet replacement activity supported by government measures. On March 26, the Government of Mexico introduced a program designed to protect the heavy-duty vehicle industry. The association stated that the accelerated depreciation incentive has progressed rapidly, with nearly half of the allocated funding already utilized within two months of the program's launch.
Industry Seeks Greater Trade Certainty
The association also emphasized the importance of maintaining certainty under the USMCA to encourage investment and strengthen regional supply chains. In addition, it reiterated concerns regarding increasing imports of used heavy-duty vehicles from the United States, stating that these imports continue to distort the domestic market. ANPACT explained that it is working alongside government authorities to establish estimated reference prices aimed at reducing the undervaluation of imported vehicles and supporting fairer market conditions.
Frequently Asked Questions
Why did Mexico's heavy-duty vehicle market improve in June?
Mexico's heavy-duty vehicle market strengthened because wholesale sales increased significantly, supported by a modest recovery in the United States market, higher passenger transportation demand linked to the World Cup, and government fleet renewal measures. ANPACT also highlighted the positive impact of accelerated depreciation incentives, which have seen strong adoption since their launch, helping improve demand while supporting commercial vehicle replacement across the country.
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