Key Market Indicators
Uruguayan vehicle registration is projected to see a minimal change over the next five years, with the number expected to reach approximately 42,840 units by 2028. This figure marks a negligible decrease from the 42,880 units recorded in 2023, reflecting a 0% average annual growth rate. The country's vehicle market has been on a downward trajectory since 2010, experiencing an average annual decline of about 0.6%. In the global ranking for 2023, Uruguay stood at 67th place, just behind Panama, which also registered 42,880 units. Leading the rankings were Canada, China, and Austria, securing the second, third, and fourth positions respectively.
