ProceduresGovernment

Retail Trade of Cars and Trucks

Industry Group (4681)

 2024-Q1: $3.21T MX, Gross Domestic Product

DENUE November 2023: 8,226, Economic units

Jan-Mar 2024: Confidential, Foreign Direct Investment

2023-Q4 : $6.32k MX, Average Monthly Salary

2023-Q4 : 1.63M, Workforce

2023-Q4 : 30.5%, Female Workforce

2023-Q4: 38.5, Average Age

In the first quarter of 2024 the gross domestic product was $3.21T MX, 3.12% less than the previous quarter.

According DENUE 2023, Retail Trade of Cars and Trucks registered 8,226 economic units. The states with the highest number of economic units were Estado de México (705), Jalisco (690), and Ciudad de México (599).

According to data from the Economic Census 2019, total gross production was $112B MX. The states with the highest total gross production were Ciudad de México ($20.2B MX) and Estado de México ($11.1B MX).

For its part, total income reached $514B MX in 2019, being the states with the highest income Ciudad de México ($85.1B MX) and Estado de México ($53.1B MX).

Economic activities are related if they require similar knowledge or inputs. In 2014 in Retail Trade of Cars and Trucks the states with the highest affinity were Nuevo León (0.76), Chihuahua (0.76), Coahuila de Zaragoza (0.72), Sonora (0.71), and Baja California (0.7).

During the fourth quarter of 2023 in Retail Trade of Cars and Trucks the workforce was 1.63M people, 69.5% men and 30.5% women. In addition, the average monthly salary informed was $6.32k MX.

During the same period, occupations with the highest number of workers in Retail Trade of Cars and Trucks were Sales Employees, Dispatchers and Dependent on Trade, Traders in Stores, and Support Workers in Various Administrative Activities.

At the state level, the occupied population of Retail Trade of Cars and Trucks was concentrated in List Estado de México,Jalisco,Ciudad de México.

The average age of workers in Retail Trade of Cars and Trucks in the fourth quarter of 2023 was 38.5 years. In the same period, the average schooling of the workforce of Retail Trade of Cars and Trucks, was 11.7 years.

Salaries and Workforce

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Average Monthly Salary 2023-Q4: $6.32k MX

Working population 2023-Q4: 1.63M

In the fourth quarter of 2023, the workforce in Retail Trade of Cars and Trucks it was of 1.63M people, 69.5% men with a reported average monthly salary of $6.73k MX and 30.5% women with a salary of $5.37k MX.

Of the total employed population, 73% of the total workforce were formal workers with an average monthly salary of $6.56k MX, while he 27% corresponds to informal workers with an average salary of $5.65k 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 Sales Employees, Dispatchers and Dependent on Trade, Traders in Stores, and Support Workers in Various Administrative Activities.

At the state level, the workforce of Retail Trade of Cars and Trucks was concentrated on Estado de México, Jalisco, and Ciudad de México.

Gross Domestic Product

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Gross domestic product 2024-Q1: $3.21T MX

Gross Domestic Product 2023: $3.17T MX

* Data displayed corresponds to the sector Retail Trade since the information at lower levels of disaggregation is not available.

In the first quarter of 2024, Retail Trade recorded a gross domestic product of $3.21T MX, evidencing a drop of 3.12% compared to the previous quarter and an increase of 6.17% 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,  7,397 economic units were totaled in Retail Trade of Cars and Trucks, highlighting Jalisco (629), Estado de México (607), and Ciudad de México (537).

Total gross production was $112B MX. The states with the highest total gross production were Ciudad de México ($20.2B MX) and Estado de México ($11.1B MX).

Total income reached $514B MX in 2019, being the states with the highest income Ciudad de México ($85.1B MX) and Estado de México ($53.1B 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, Retail Trade of Cars and Trucks had a total of 17,778 economic units and the municipalities with the highest number of economic units were Guadalajara (621), Mexicali (570), and León (549)

Total income eached $789B MX and the municipalities with the highest income were Zapopan ($39.9B MX), Monterrey ($33.4B MX), and Guadalajara ($28.6B MX).

Total expenditures were $732B MX and the municipalities with the highest expenditures were Zapopan ($37.7B MX), Monterrey ($31.5B MX), and Guadalajara ($26.8B MX).

On the other hand, in 2014 there were 157125 employees dependent on economic units and the municipalities with the highest number of employees were Monterrey (6.2k), Puebla (5.09k), and León (4.61k).

* 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 Retail Trade of Cars and Trucks according to the number of employees.

According to DENUE data published in November 2023, 5,761 companies with 0 to 10 employees were registered (32 companies less than the previous period). In the same period, 1,454 companies with 11 to 50 employees were registered (66 companies more than the previous period).

597 companies with 51 to 100 employees were registered in 2023 (8 companies more than the previous period). Likewise, 414 companies with more than 101 employees were registered (6 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$720M, FDI Jan-1999 to Mar-2024

In the period January to March 2024, FDI from Retail Trade of Cars and Trucks was Confidential, distributed in equity Capital (US$0), reinvestment of earnings (US$0), and inter-company debts (Confidential).

Since January 1999 to March 2024, the accumulated amount of FDI in Retail Trade of Cars and Trucks was US$720M, distributed in inter-company debts (US$656M), equity Capital (US$67M), and reinvestment of earnings (-US$2.91M).

* 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$643M, 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$643M), Estado de México (US$38.9M), and Jalisco (US$17.4M).

* 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: France, US$632M

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 China (Confidential).

* Information download does not contain confidential data.

Specialization and Opportunity

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As of May 2021, the states with the highest degree of specialization in Retail Trade of Cars and Trucks were Nuevo León (1.83), Jalisco (1.19), and Ciudad de México (0.84). The degree of specialization is measured using the RCA index, which represents the ratio between the observed and expected establishments of each state for each industry.

The states with the highest degree of development opportunity in Retail Trade of Cars and Trucks according to Relatedness were Ciudad de México (0.57), Durango (0.47), and Campeche (0.43). 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: 38.5

Average Years of Schooling 2023-Q4: 11.7

The visualization shows the workforce of Retail Trade of Cars and Trucks by age group and years of schooling, comparing men and women.

In the fourth quarter of 2023 in Retail Trade of Cars and Trucks the average age for women was 37.3 years and the average schooling was 12.7 years.

The average age of men in the Retail Trade of Cars and Trucks workforce was 39 years, while the average schooling was 11.2 years during fourth quarter of 2023.

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