Today: February 12, 2025
February 12, 2025
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Less growth and tariffs will affect the placement of auto insurance, says Quálitas

Less growth and tariffs will affect the placement of auto insurance, says Quálitas

“The sale of new cars is an important source of new policies, recognizing that in Mexico about two thirds of new cars are sold with financing we anticipate that this year (growth) will no longer be even about those 30% that we had in the last two years, “said the manager.

In 2023, the growth rate of the placement of crows of Quálitas was 28% and 29% in 2024, were the highest growth rates since 2016.

Risoul emphasizes that another of the challenges they will face this year are the high costs of repair of cars and robberies, also known as the accident rate.

The costs of the personnel they hire have increased, in part, due to the increases to the minimum wage that have occurred in recent years.

In 2024 repair inflation and auto parts was 7%, which could translate into a higher cost for customers.

“We are living an important change with the entrance of many Chinese brands, an accelerated growth of hybrid and electric cars that give this niche dynamism again,” Risoul said.

The manager emphasizes that after the pandemic there was a “boom” of asatic brands reaching the country, which has implied a challenge in the post -sales, since an increasingly specialized service is required.

“An electric car definitely entails different risks, for example. Before a sinister, if there is battery damage, the repair cost almost makes it a total loss, then there is no viability to repair it,” he said.



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