Key Market Indicators
**Argentinian Car Registrations to Surge by 2028** Argentinian car registrations are projected to reach approximately 6.3 million units by 2028, up from 4.2 million units in 2023. This marks an average annual growth rate of 6.3%. The country's car registration demand has seen a substantial rise of 47% year on year since 2010. In 2023, Argentina ranked 10th globally in car registrations. Japan topped the list with an identical count of 4.2 million units. Indonesia, Austria, and Belgium followed closely, securing the second, third, and fourth spots respectively. **Decline in Argentinian Car Production** Meanwhile, car production in Argentina has faced a downturn. The country produced 93,000 units in 2020, down from 108,000 units in 2019, representing a 14% decline. Since 2002, Argentinian car production has decreased by over 21% annually.
