Key Market Indicators
**Argentinian Vehicle Registration to Reach 15.7 Million Units by 2028** Argentinian vehicle registration is projected to grow from approximately 15.5 million units in 2023 to around 15.7 million units by 2028. This represents a modest annual growth rate of 0.2%. Since 2010, the Argentinian market has seen a significant increase of over 80%. In 2023, Argentina ranked 9th globally in vehicle registrations, with the United States leading at around 15.5 million units. Canada, China, and Austria followed as the second, third, and fourth largest markets, respectively. **Argentinian Vehicle Production to Decline to 388,000 Units by 2028** In contrast, Argentinian vehicle production is expected to decline from approximately 428,000 units in 2023 to about 388,000 units by 2028, marking an annual decrease of 1.5%. This decline continues a trend observed since 2002, where the nation's supply has fallen by 1.7% annually. In 2023, Argentina ranked 27th in vehicle production, with Poland slightly ahead. The United States, Japan, and Germany held the top three positions in this category.
