Key Market Indicators
Chilean vehicle registration is projected to climb to approximately 501,000 units by 2028, up from around 408,000 units in 2023. This marks an annual compound growth rate (CAGR) of 3.3%. Since 2010, the Chilean market has experienced a slight decline, averaging a 0.5% decrease each year. In 2023, Chile ranked 44th globally in vehicle registrations, with Sweden surpassing it at 408,000 units. Leading the global rankings are Canada, China, and Austria, which hold the second, third, and fourth spots, respectively.
