ProceduresGovernment

Automotive Equipment Rental and Leasing

Industry Group (5321)

 2024-Q1: $2.78T MX, Gross Domestic Product

DENUE November 2023: 2,067, Economic units

Jan-Mar 2024: Confidential, Foreign Direct Investment

2023-Q4 : $9.88k MX, Average Monthly Salary

2023-Q4 : 22.1k, Workforce

2023-Q4 : 23%, Female Workforce

2023-Q4: 40.5, Average Age

In the first quarter of 2024 the gross domestic product was $2.78T MX, 0.95% less than the previous quarter.

According DENUE 2023, Automotive Equipment Rental and Leasing registered 2,067 economic units. The states with the highest number of economic units were Quintana Roo (287), Jalisco (182), and Ciudad de México (169).

According to data from the Economic Census 2019, total gross production was $15.3B MX. The states with the highest total gross production were Quintana Roo ($3.54B MX) and Ciudad de México ($3.2B MX).

For its part, total income reached $15.7B MX in 2019, being the states with the highest income Quintana Roo ($3.61B MX) and Ciudad de México ($3.3B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Automotive Equipment Rental and Leasing the states with the highest affinity were Nuevo León (0.77), Chihuahua (0.77), Sonora (0.73), Coahuila de Zaragoza (0.73), and Baja California (0.72).

During the fourth quarter of 2023 in Automotive Equipment Rental and Leasing the workforce was 22.1k people, 77% men and 23% women. In addition, the average monthly salary informed was $9.88k MX.

During the same period, occupations with the highest number of workers in Automotive Equipment Rental and Leasing were Bus Drivers, Trucks, Taxis and Passenger Cars, Workers in Renting Movables (Crockery, Movies, Video Games, Etc.), and Launderers Vehicles Establishments.

At the state level, the occupied population of Automotive Equipment Rental and Leasing was concentrated in List Estado de México,Ciudad de México,Quintana Roo.

The average age of workers in Automotive Equipment Rental and Leasing in the fourth quarter of 2023 was 40.5 years. In the same period, the average schooling of the workforce of Automotive Equipment Rental and Leasing, was 12.7 years.

Salaries and Workforce

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Average Monthly Salary 2023-Q4: $9.88k MX

Working population 2023-Q4: 22.1k

In the fourth quarter of 2023, the workforce in Automotive Equipment Rental and Leasing it was of 22.1k people, 77% men with a reported average monthly salary of $10.4k MX and 23% women with a salary of $8.07k MX.

Of the total employed population, 74.8% of the total workforce were formal workers with an average monthly salary of $12.6k MX, while he 25.2% corresponds to informal workers with an average salary of $1.82k MX.

Salaries and Workforce by Occupations and States

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In the fourth quarter of 2023 the occupations with the highest number of workers were Bus Drivers, Trucks, Taxis and Passenger Cars, Workers in Renting Movables (Crockery, Movies, Video Games, Etc.), and Launderers Vehicles Establishments.

At the state level, the workforce of Automotive Equipment Rental and Leasing was concentrated on Estado de México, Ciudad de México, and Quintana Roo.

Gross Domestic Product

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Gross domestic product 2024-Q1: $2.78T MX

Gross Domestic Product 2023: $2.72T MX

* Data displayed corresponds to the sector Real Estate and Rental and Leasing since the information at lower levels of disaggregation is not available.

In the first quarter of 2024, Real Estate and Rental and Leasing recorded a gross domestic product of $2.78T MX, evidencing a drop of 0.95% compared to the previous quarter and an increase of 4.34% compared to the same period of the previous year.

* Current values, at current prices, base year 2013. Excludes taxes on products.

Production Indicators by State

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According to data from the Economic Census 2019,  2,026 economic units were totaled in Automotive Equipment Rental and Leasing, highlighting Quintana Roo (335), Jalisco (185), and Ciudad de México (148).

Total gross production was $15.3B MX. The states with the highest total gross production were Quintana Roo ($3.54B MX) and Ciudad de México ($3.2B MX).

Total income reached $15.7B MX in 2019, being the states with the highest income Quintana Roo ($3.61B MX) and Ciudad de México ($3.3B MX).

* It is recommended to consider the values as approximations of the real value because some records have been anonymized due to confidentiality principles.

Production Indicators by Municipality

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According to dato from Economic Census 2014, Automotive Equipment Rental and Leasing had a total of 2,658 economic units and the municipalities with the highest number of economic units were Benito Juárez (375), Los Cabos (186), and Solidaridad (174)

Total income eached $12.7B MX and the municipalities with the highest income were Benito Juárez ($2.18B MX), Miguel Hidalgo ($1.04B MX), and Guadalajara ($970M MX).

Total expenditures were $7.05B MX and the municipalities with the highest expenditures were Benito Juárez ($1.28B MX), Guadalajara ($531M MX), and Miguel Hidalgo ($515M MX).

On the other hand, in 2014 there were 10854 employees dependent on economic units and the municipalities with the highest number of employees were Guadalajara (1.29k), Benito Juárez (1.16k), and Venustiano Carranza (786).

* Any inconsistency between the data at the state and municipal level is due to the anonymization methodologies applied to the data, also municipalities not shown in the visualization have been anonymized.

Economic Units

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The visualization shows the number of economic units in Automotive Equipment Rental and Leasing according to the number of employees.

According to DENUE data published in November 2023, 1,542 companies with 0 to 10 employees were registered (121 companies less than the previous period). In the same period, 502 companies with 11 to 50 employees were registered (26 companies less than the previous period).

15 companies with 51 to 100 employees were registered in 2023 (4 companies more than the previous period). Likewise, 8 companies with more than 101 employees were registered (2 companies less than the previous period).

Source National Statistical Directory of Economic Units (DENUE)

Foreign Direct Investment (FDI)

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  • Confidential, FDI Jan-Mar 2024
  • US$1.53B, FDI Jan-1999 to Mar-2024

In the period January to March 2024, FDI from Automotive Equipment Rental and Leasing was Confidential, distributed in inter-company debts (Confidential), reinvestment of earnings (Confidential), and equity Capital (US$0).

Since January 1999 to March 2024, the accumulated amount of FDI in Automotive Equipment Rental and Leasing was US$1.53B, distributed in inter-company debts (US$1.35B), equity Capital (US$164M), and reinvestment of earnings (US$15.4M).

* Confidential data is not shown in the chart (see information icon in the section).

Foreign Direct Investment (FDI) by State

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Period Jan-Mar 2024: US$0

Period Jan-1999 to Mar-2024: US$1.49B, Mexico City is the main receiving state

No FDI is recorded in the period January to March, 2024

Historically (from January 1999 to March2024) the states that have received the highest FDI are Mexico City (US$1.49B), Nuevo León (US$29.5M), and Estado de México (US$7.14M).

* Information download does not contain confidential data.

Foreign Direct Investment (FDI) Origin

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Periodo Jan-Mar 2024: ---, US$0

Main investing country between Jan-1999 and Mar-2024: Canada, US$1.37B

No FDI is recorded in the period January to March of 2024.

Historically (from January 1999 to March de 2024) the countries that contributed the most to FDI were Canada (Confidential).

* Information download does not contain confidential data.

Specialization and Opportunity

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The states with the highest degree of development opportunity in Automotive Equipment Rental and Leasing according to Relatedness were Ciudad de México (0.58), San Luis Potosí (0.53), and Durango (0.48). The Relatedness measures the distance between an industry and the current industrial composition in each state. The presented entities register a level of specialization lower than one unit (RCA <1).

Workforce by Schooling Years, Age Range and Gender

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Average Age 2023-Q4: 40.5

Average Years of Schooling 2023-Q4: 12.7

The visualization shows the workforce of Automotive Equipment Rental and Leasing by age group and years of schooling, comparing men and women.

In the fourth quarter of 2023 in Automotive Equipment Rental and Leasing the average age for women was 37.3 years and the average schooling was 14.3 years.

The average age of men in the Automotive Equipment Rental and Leasing workforce was 41.4 years, while the average schooling was 12.2 years during fourth quarter of 2023.

* The visualization omits the range of schooling "Not Specified".