Key Market Indicators
Peruvian vehicle registration is projected to hit approximately 339,000 units by 2028, up from around 261,000 units in 2023. This represents an average annual growth rate of 4.1%. Since 2010, the Peruvian market has seen an average yearly increase of 12.1%. In 2023, Peru ranked 52nd globally in vehicle registrations. Denmark slightly outpaced Peru with a comparable 261,000 units. Leading the global rankings, Canada secured the second spot, followed by China in third and Austria in fourth.
