Key Market Indicators
Chilean commercial vehicle registrations are projected to hit approximately 151,000 units by 2028, up from around 124,000 units in 2023. This represents a compound annual growth rate (CAGR) of 3.2%. Since 2010, the Chilean market has experienced a steady annual growth rate of 3.9%. In 2023, Chile ranked 28th globally in commercial vehicle registrations, with Spain leading the way with the same number of units. Canada, Mexico, and Argentina followed in the second, third, and fourth positions, respectively. Meanwhile, diesel truck sales in Chile are anticipated to grow to about $1.23 billion by 2028, rising from $1.17 billion in 2023. This marks a modest CAGR of 0.9%. Over the years, the demand for diesel trucks has seen a gradual annual increase of 0.4%. In this sector, France, Italy, and Germany hold the second, third, and fourth positions, respectively, in global rankings.
