Psittacara wagleri is classified as Near Threatened due to ongoing declines in its wild population, with trapping for the pet trade being a primary driver of this reduction. Its natural range extends across the Pacific and Gulf slopes of Mexico, the Yucatán Peninsula, parts of Colombia, and northern Venezuela. It typically inhabits tropical dry and deciduous forests, gallery woodlands, and secondary forests. The species also ventures into agricultural zones, orchards, and urban parks, though urban populations are limited.

This parrot usually forms small flocks and feeds primarily on seeds from Euphorbiaceae plants, various fleshy fruits, and flowers, particularly those from canopy-level trees. Breeding occurs in tree cavities and cliff crevices, with colonies generally small in number. It is not known to be commercially bred, but individuals are captured for both local and international trade. Photographed Colombia.