Key Market Indicators
Paraguayan vehicle registration is projected to reach approximately 35,000 units by 2028, up from around 31,000 units in 2023. This marks an average annual growth rate of 1.6%. Since 2010, the Paraguayan market has experienced a slight decline, with an average decrease of 0.6% per year. In the global ranking for 2023, Paraguay held the 72nd position, with Bolivia surpassing it with an identical figure of around 31,000 units. In contrast, Canada, China, and Austria claimed the second, third, and fourth positions, respectively, in the same ranking.
