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celebración del año nuevo is the direct translation, but as far as I can tell (from a quick google) they don't have a special celebration, they just call it new years. But if your curious on some of the traditions, then look no further than Mahalo! http://www.mahalo.com/mexican-new-year-traditions and on top of that, here is another site to look at! http://gomexico.about.com/od/festivalsholidays/a/new_years_eve.htm
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You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
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