The Mexico Car Finance Market is witnessing a steady recovery from the disruptions induced by the Global pandemic during the year 2020-2021: Ken Research

Covid Impact: Amid the COVID-19 pandemic, the global demand for new vehicles and used vehicles witnessed a significant slump in 2020, as manufacturing and sales activities were halted for several months in the first half of the year. This trend hampered the automotive financing market in Mexico as well. However, since the latter half of 2021, the demand for vehicles has witnessed significant growth, which has fueled the automotive financing market and is expected to continue to fuel the market during the forecast period. The COVID-19 pandemic also augmented the growth of online and digital channels for business-to-consumer purchases. Owing to these trends, OEMs and industry players have started to virtualize their dealerships or agreements and operate remotely.

Growth Factors: Over the medium term, demand in the market is expected to be driven by rising electric mobility across major countries in Mexico and other states of North American region. Moreover, growing government support in the form of favourable initiatives and policies is expected to drive demand in the market. The growing consumer inclination toward safety and comfort features in vehicles is accommodated by the latest technologies like ADAS. However, growing adoption of rental and used cars may hinder the players operating in the market. The demand for commercial vehicles is strongly influenced by growing logistics and delivery services, coupled with the fleet expansion of vehicles by key e-commerce giants like Amazon. The developments in engine technology are progressing significantly, accompanying the rising emission standards across the world. These factors are likely to boost the growth of the automotive market in the region.

Analysts at Ken Research in their latest publication, "Mexico Car Finance Market Outlook 2027F- Driven by government regulations & technological innovations" by Ken Research observed that Mexico car Finance Market is in a growth phase & is  expected to witness a growth rate of ~% in the upcoming years owing to increasing government initiatives & technological innovations. It is to be noted that the Mexico Car finance market is consolidated with a few brands occupying almost half of the market with companies competing not only on the basis of product quality and promotion but also on the basis of strategic moves with the aim of capturing a larger market share.

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Key segments covered

By type of vehicle financing

Used Car financing
New Car financing

By Type of car Financed

Hatchbacks
Sedan
SUV
Multipurpose Vehicle

By price

high (500,000+)
medium (200k-500k)
low (below 200K)

By Type of Institution

Banks
NBFC
Captives

By loan Tenure

3-4 years
4-5 years

By Mode of booking

Online
Offline

Time Period Captured in the Report:

Historical Period: FY'17- FY'22P
Base Year: FY'22P
Forecast Period: FY'23P - FY'27F

Key Target Audience

Banks and its Subsidiaries
NBFCs
Captive Finance Companies
Government and Institutions
Automobile Companies
Car Dealers
Government and Institutions
Existing Car Finance Companies
OEM Dealerships
New Market Entrants
Investors
Auto mobile Associations

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Major Companies Covered

Bank of America
Deutsche Bank
JP Morgan Chase
HSBC
Scotia Bank
Citi

Key Topics Covered in the Report:

Executive Summary of Mexico Car Finance Market
Market Size of Mexico Car Finance Market
Market Segmentation of Mexico Car Finance Market
SWOT Analysis of Mexico Car Finance Market
Trends and Developments in Mexico Car Finance Market
Regulatory Bodies of Mexico Car Finance Market
Overview of Mexico Car Finance Challenges and restrains
End User Analysis of Mexico Car Finance Market
Competitive Analysis of Mexico Car Finance Services
Future Outlook of Mexico Car Finance Market
Covid Analysis of Mexico Car Finance Market
Analyst Recommendations

For more insights on market intelligence, refer to the link below: -

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/mexico-car-finance-market-outlook-2027/596308-93.html

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https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/ksa-car-finance-market-outlook-to-2026/596189-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/malaysia-automotive-finance-market-outlook-to-2026/596153-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/singapore-auto-finance-market-outlook-2025/508467-93.html

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.