Heavy-Duty Vehicle Sales to Break Records in 2024 ANPACT

The heavy-duty vehicle market in Mexico is poised for significant growth in 2024, with the National Association of Producers of Buses, Trucks, and Tractors (ANPACT) projecting a record-breaking year. ANPACT forecasts sales of 57,733 units, marking a 12.6% increase compared to 2023 and potentially surpassing a longstanding record set in 2007.

During the first four months of 2024, about 4,312 heavy-duty units were sold, out of the projected 4,517. This performance makes ANPACT confident in the industry’s ability to achieve its target for the year.

"Mexico is the global leader in heavy vehicle exports," says Virginia Olalde, Global Trade and Economic Affairs Director, ANPACT, highlighting the country's reach in supplying heavy vehicles to 14 countries. 

Despite a decline in exports to the United States, Mexico's primary trading partner, exports to Colombia, the largest market in Latin America, surged by 40%, according to ANPACT.

However, Mexico faces a pressing challenge: the influx of second-hand heavy-duty vehicles. Registrations skyrocketed from 8,071 units in 2022 to 20,134 in 2023, representing a 149.5% increase. The trend continued in 2024, with 8,000 used vehicles imported between January and April matching the entire 2022 total.

"For every 100 new Mexican vehicles introduced to the market, another 46 used or scrap units arrive," says Olalde.

Alfredo Osorio, Director Public Affairs and Communication, ANPACT, argues that the rise in imports of used vehicles damages  the environment and compromises road safety. “These vehicles, classified as scrap in the United States, fail to meet any safety or environmental standards,” says Osorio.

Mexico’s transport vehicle fleet is aging, with the average age of the transport vehicle fleet hitting 19 years, with up to 40% renewal potential, says Osorio.

"The primary victims of importing vehicles in these conditions are formal transporters with all their documentation and units in order. This is because buyers of scrap units are informal transporters, fostering unfair competition within the industry," says Guillermo Rosales, Executive President, ANPACT.

ANPACT's sales forecast for 2024 indicates promising prospects for the heavy-duty vehicle market in Mexico. However, addressing challenges posed by the influx of used vehicles is imperative to ensure sustainable growth and maintain fair competition within the industry.