Mexico Used Car Market Size & Outlook, 2024-2030

Revenue, 2024 (US$M)
$0.0
Forecast, 2030 (US$M)
$0.0
CAGR, 2025 - 2030
0%
Report Coverage
Mexico

Mexico used car market, 2018-2030 (US$M)

Mexico

Mexico used car market highlights

  • The Mexico used car market generated a revenue of USD 88,614.1 million in 2022 and is expected to reach USD 133,750.5 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
  • In terms of segment, conventional was the largest revenue generating vehicle type in 2022.
  • Hybrid is the most lucrative vehicle type segment registering the fastest growth during the forecast period.


Used car market data book summary

Market revenue in 2022USD 88,614.1 million
Market revenue in 2030USD 133,750.5 million
Growth rate5.3% (CAGR from 2022 to 2030)
Largest segmentConventional
Fastest growing segmentHybrid
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHybrid, Conventional, Electric
Key market players worldwideAlibaba Group Holding Ltd ADR, CarMax Inc, Asbury Automotive Group Inc, TrueCar Inc, Scout24 SE, Lithia Motors Inc Class A, Group 1 Automotive Inc, EBay Inc, AutoNation Inc, Hendrick Automotive Group


Other key industry trends

  • In terms of revenue, Mexico accounted for 5.3% of the global used car market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. used car market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 228,480.3 million by 2030.

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Used Car Market Scope

Used car market segmentation & scope
Hybrid
Conventional
Electric
Vendor Type
Organized
Unorganized
Fuel Type
Diesel
Petrol
Others
Size
Compact
Mid-Sized
SUV
Sales Channel
Offline
Online

Used Car Market Companies

Name Profile # Employees HQ Website

Mexico used car market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to used car market will help companies and investors design strategic landscapes.


Conventional was the largest segment with a revenue share of 46.9% in 2024. Horizon Databook has segmented the Mexico used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2018 to 2030.


Reasons to subscribe to Mexico used car market databook:

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Target buyers of Mexico used car market databook

  • Our clientele includes a mix of used car market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the Mexico used car market, including forecasts for subscribers. This country databook contains high-level insights into Mexico used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico used car market

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