Description

The used premium car sector represents almost 3% of the Mexican used car market; it expanded in the last few years due to global scarcity of materials and auto parts, an absence of new premium vehicles, and increasing prices.

In Mexico, most used premium vehicle local transactions are informal due to pricing offered to clients and less bureaucracy. However, players in the market, such as car dealerships and their certified pre-owned programs (CPOs), online marketplaces, and online transactional companies (the newest business model in the market), aim to reduce this by offering online catalogs, value-added services, different financing options, and even fully digital purchase experiences.

Identified to be in a mature stage, with almost 116,316 units sold in 2021 and more than 30 active and relevant competitors, the used premium car market in Mexico gains new participants as the online transactional company business model settles in. Although the main competitors are well-established traditional OEMs with a presence in many countries across the globe, new start-ups are presenting innovative services to cater to clients’ needs, forcing the competition to step up.

This Frost & Sullivan research service performs a comprehensive analysis of the Mexican used premium car market, including growth opportunities, industry growth metrics, and trends, for the market forecast. The study provides meaningful insights for players in the used premium car sector that wish to explore this growing and competitive market.