Mexico's heavy vehicle market drops 31% in 2025

Mexico's heavy vehicle market saw a 31% decline in 2025, described as truly catastrophic by the National Association of Bus, Truck, and Tractor Producers (Anpact). The drop exceeded gloomy forecasts following 2024's record high and affected the entire production chain in the sector. Key factors include deteriorating business expectations and an uncertain economic environment.

Rogelio Arzate, executive president of the Anpact, delivered an alarming overview of Mexico's heavy vehicle market in 2025, noting a 31% contraction in sales. This outcome, worse than the 2020 pandemic slump, cannot be attributed solely to economic variables such as growth rates, exchange rates, or interest levels.

The fallout rippled through manufacturing, autoparts production, distribution, and the legal framework of the automotive industry. In the cargo segment, International led with 17.96% market share, followed by Isuzu (10.01%) and Hino (4.26%). For passenger vehicles, Mercedes-Benz topped with nearly 39%, with Scania (12.66%), Volvo (12.63%), International (11.7%), and Volkswagen (10.27%) rounding out the top five.

Diesel powered 98.19% of sales but also declined by 31%. Arzate pointed to deteriorating expectations among transport firms and companies with own fleets, worsened by reduced gross fixed investment, waning business confidence, cost pressures, and a complex international landscape, including shifts in U.S. trade relations.

Looking to 2026, Anpact forecasts a 10% rise in heavy truck sales, driven by internal market recovery and regulatory certainty, though still below 2024 peaks. The industry calls on the federal government to revise tariffs on used heavy truck imports, highlighting undervaluation, smuggling, and organized crime that undermine competitiveness.

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Realistic illustration of Colombian port scene depicting proposed tariff hikes on imported gasoline vehicles and motorcycles for a news article.
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Government proposes raising tariffs on imported gasoline vehicles and motorcycles

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Colombia's Ministry of Commerce published a draft decree to raise import tariffs on vehicles and motorcycles powered by gasoline or diesel engines, aiming to promote clean technologies and bolster the national industry. The proposal sets 40% for cars and 35% for motorcycles, but guilds like Asopartes and Andemos warn it will raise prices and halt the sector's recovery in 2025.

Following the December 2025 decree imposing 5-50% tariffs on non-FTA imports, Mexico's measures particularly target the automotive sector, hiking duties on light vehicles to 50% and parts up to 50%. While aiming to protect national industry and generate over 70 billion pesos in revenue, the policy draws criticism for slowing Chinese EV tech adoption, though brands remain bullish on Mexico's market thanks to local plants.

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Argentina's industrial production dropped 6.1% in November compared to the same month in 2024, according to preliminary data from the Latin American Economic Research Foundation (FIEL), marking the fifth consecutive decline since July. While it posted a slight monthly increase of 0.4%, the sector has accumulated a 0.5% contraction over the first eleven months of the year. This outcome occurs amid an industrial recession that began in February, worsened by a shorter working month.

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Colombia's National Administrative Department of Statistics (Dane) reported that manufacturing production rose 1.9% in October 2025 compared to October 2024. Manufacturing sales grew 2.4%, and employed personnel increased 0.7%. Bruce Mac Master, president of Andi, highlighted sectoral heterogeneity and the importance of the year's final months.

The Andi's Joint Industrial Opinion Survey shows Colombian companies endured an average of 22.2 road blockades in 2025, causing major disruptions to their operations. Ninety-three percent of these incidents stemmed from demands aimed at the government, impacting logistics and raising costs in key sectors like industry and commerce.

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