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Latin Times
Latin Times
Entertainment
Clara Espinoza

Formula 1 Returns to Mexico With Checo Pérez — and a Record $1.2 Billion Economic Projection

McLaren's Australian driver Oscar Piastri drives during the first practice session of the Mexico City Formula One Grand Prix at the Hermanos Rodriguez racetrack in Mexico City on October 24, 2025. (Credit: Photo by Alfredo ESTRELLA / AFP via Getty Images)

The Briefing:

  • Canaco CDMX projects MXN$22.228 billion (approx. US$1.2 billion) in economic activity from the 2026 Mexico City Grand Prix — a 6.5% increase over 2025 and the largest single-race projection in the event's modern history.
  • Sergio "Checo" Pérez races in Mexico for the first time since leaving Red Bull, now driving for Cadillac alongside Valtteri Bottas — the 71-lap race on November 1 sold out within days of tickets going on sale.
  • Mexico City's F1 hosting deal runs through 2028, with cumulative economic output across the three remaining editions projected at MXN$92 billion — anchored by the race's unique overlap with Día de Muertos and a decade of commercial infrastructure.
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