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Mexico's Senate Approves Used Vehicle Financing Inclusion
By Óscar Goytia - Tue, 02/13/2024 - 13:43
Senate greenlights used vehicles in financing plans, boosting consumer safeguards. Market poised for 40% growth; fiscal compliance expected.
https://mexicobusiness.news/tag/used-vehicles
More Automotive
Illegal Vehicle Keep Entering Mexico’s Automotive Market
By Sofía Garduño - Mon, 04/11/2022 - 15:42
Although auto financing has increased and sales are recovering, the sector is still struggling with illegal vehicles.
BBVA, Odetta to Offer Pre-Owned Vehicle Loans
By Sofía Garduño - Wed, 03/30/2022 - 17:12
A partnership between BBVA and Odetta aims to offer loans to buy used cars in an accessible, safe and easy way.
Mexico’s Second-Hand Vehicle Market Grew in 2021
By Antonio Gozain - Fri, 12/24/2021 - 12:52
OLX Autos and newcomer Odetta aim to compete with Mexican unicorn Kavak in the near future.
Michoacan Joins “Chocolate Car” Decree
By Alfonso Núñez - Tue, 12/07/2021 - 14:40
President López Obrador added Michoacan to the list of states that will legalize illegally imported vehicles.
Mexican Second-Hand Vehicle Startups Continue Expanding
By Alfonso Núñez - Thu, 12/02/2021 - 15:15
Used vehicle online sales dominate the Mexican market while the semiconductor shortage continues.
Mexican Auto Sector Opposes Call to Regularize Illegal Vehicles
By Alejandro Enríquez - Mon, 07/05/2021 - 20:59
Representative from the Mexican automotive industry strongly rejected the President's suggestion to regularize illegally imported used vehicles.
A New Tool for the Used-Vehicle Market
By Alejandro Enríquez - Thu, 08/27/2020 - 13:16
AMDA, AMIS and CESVI joined efforts to boost the used-vehicle market by integrating vehicles data.
KAVAK Expands Operations to Argentina
By Alejandro Enríquez - Wed, 08/26/2020 - 16:52
The Mexican used-vehicle sales platform will invest US$10 million in Argentina over the next 18 months.
Close Loopholes, Boost Incentives
By - Thu, 09/01/2016 - 15:53
New players in the market will support manufacturing operations. KIA is now starting up in Nuevo Leon and so is Audi in Puebla.