Mexico Car Finance Trends, Market, Revenue, Outlook 2027F: Ken Research
What is the Size of Mexico Car Finance INDUSTRY? Mexico Car Finance Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2027F. The Car Finance Market is largely driven by growing middle-class population, rising vehicle sales, urbanization, accessible financing options, and partnerships with automakers. The growing demand for auto financing in Mexico can be observed through increased vehicle sales. For example, according to the Mexican Automotive Industry Association (AMIA), new vehicle sales in Mexico surged by 22.2% in the first half of 2021 compared to the same period in the previous year. Auto finance companies in Mexico offer diverse financing options to cater to different customer needs. To learn more about this report Download a Free Sample Report instance, they provide traditional car loans with varying interest rates and terms, as well as leasing options that allow customers to use a vehicle for a specific period without full ownership. The...