Auto Parts Retailers in Mexico - Industry Market Research Report

Car crash: Enhanced levels of consumer spending and new car sales have hurt industry revenue

Auto Parts Retailers in Mexico
The Auto Parts Retailing industry in Mexico comprises establishments dedicated primarily to the distribution of parts, spares and accessories for all types of light vehicles. Over the five years to 2019, industry revenue has run counter-cyclical to the general economy. This is likely due to a declining amount of revenue generated from households. This decline can be partially attributed to increased new light vehicle sales during the current period. Despite increased light vehicle sales, meaning that there are more vehicles on the road, this is not always a positive thing for industry operators. Over the five years to 2024, industry revenue is anticipated to continue to decrease. Sustained increases in consumer spending and light vehicle sales will likely continue to weaken industry demand. Furthermore, the increasing emergence of auto parts sold online is likely to further threaten brick-and-mortar operators who continue to deal with falling margins. Many may opt for a strictly internet-based platform as an alternative. This industry comprises establishments dedicated primarily to the retail trade of parts, spares and accessories for cars, vans and trucks. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.