Global automotive markets show varied regional growth and shifts

Global automotive markets show varied performance across different regions and segments. In Mexico, new vehicle sales grew by 7.9% in September 2026, with Nissan leading the market. The heavy vehicle sector saw significant surges, with production increasing by 121.4% and exports rising by 144.6% in September.

In Spain, passenger car registrations rose by 10.2% in September, driven largely by the electric vehicle segment. Pure electric and plug-in hybrid vehicles accounted for 34% of sales, with Tesla and BYD emerging as key players. Meanwhile, independent industrial vehicle workshops in Spain reported a 6.7% increase in billing for bodywork repairs.

Brazil's automotive sector experienced growth in the SUV segment, with Chinese brands like Caoa Chery and GWM gaining significant market share. Abeifa reported a 95.7% increase in cumulative sales for the first nine months of the year, despite a slight monthly dip in September.

In Argentina, the used vehicle market showed mixed results. While September saw a 10% increase in sales compared to August, the cumulative nine-month total reflected a 4.3% decline compared to 2025. Volkswagen remains the top brand for used vehicle sales in the region.