Key Market Indicators
Bolivian vehicle registrations are projected to hit approximately 43,300 units by 2028, up from around 36,800 units in 2023. This marks an average annual growth rate of 2.6%. Since 2010, the Bolivian market has seen a steady increase, with a year-on-year growth of 1.6%. In the global ranking for vehicle registrations in 2023, Bolivia secured the 71st position, just behind Qatar, which also recorded 36,800 units. Leading the rankings, Canada, China, and Austria occupied the second, third, and fourth spots, respectively.
