Key Market Indicators
Argentinian commercial vehicle registration is projected to climb to approximately 4.36 million units by 2028, up from around 4.30 million units in 2023. This represents an average annual growth rate of 0.2%. Since 2010, the Argentinian market has seen a significant increase of 86.1% year on year. In 2023, Argentina ranked fourth globally in commercial vehicle registration, with Mexico leading at around 4.30 million units. Canada and Mexico secured the second and third spots, respectively. On the production front, Argentina's commercial vehicle output is expected to reach about 309,000 units by 2028, rising from roughly 284,000 units in 2023, with an average annual growth rate of 1.3%. Since 2002, Argentinian supply has grown at a rate of 2% year on year. In the global ranking for 2023, Argentina stood at 12th place in commercial vehicle production, with Italy just ahead at approximately 284,000 units. The top spots were occupied by Mexico, China, and Canada, in that order.
