By Jose Miranda / j.miranda@latinospost.com (staff@latinospost.com) | First Posted: Jul 02, 2012 01:26 PM EDT

With 93.77 percent of the total Mexican votes tallied by the PREP (Preliminary Electoral Results Program)  of Mexico's Federal Electoral Institute (IFE), PRI Party candidate, Enrique Peña Nieto, obtains a clear win in Mexico's 2012 General Elections. 

Peña Nieto obtained 17,920,340 votes so far, which represents 37.97 percent of the total popular votes while rival, Andres Manuel Lopez Obrador (AMLO), from the PRD Progressive Movement has raked in 15,000,004 of the votes or 31.78 percent according to the display.

As of Monday morning, AMLO had not conceded victory despite the preliminary results issued by IFE.

The margin of error of the preliminary results stands at 5 to 6 percent. 

On Sunday when the PRI party was claiming victory based on exit polls, Lopez Obrador in a press conference told reporters, "I don't disqualify the current count. However we still have to wait for the full count. We must wait for the official results."

AMLO may have not achieved victory for the presidential office but his political party would not be completely defeated as Miguel Angel Mancera, of the same party, won the head-of-state seat of Mexico's capital, Mexico City.

As for the current ruling political party, PAN, Josefina Vazquez Mota announced her defeat just after exit polls signaled Peña Nieto as the winner. Vazquez Mota obtained 12,015,128 votes, representing 25.45 percent of the total popular votes.

In a public address after the first results were issued on Sunday night, Peña Nieto announced, "Mexico won tonight. We are a new generation and there is no going back. My government will place its vision on the future and opt for the great Mexico we all want and hope for."

"I will govern with everyone and for everyone," he finalized.

As the virtual winner, Peña Nieto would assume office at Los Pinos presidential facility on December 1, 2012.

Official results from the IFE will be issued on Wednesday, July 4th.

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