Key Market Indicators
Uruguayan commercial vehicle registrations are projected to decline to approximately 9,540 units by 2028, down from around 10,130 units in 2023. This represents a compound annual growth rate (CAGR) decline of 0.9% year on year. Since 2010, the Uruguayan market has seen a modest increase, averaging a 0.6% year-on-year growth. In the global ranking for 2023, Uruguay secured the 65th position, with Bolivia slightly ahead, matching Uruguay's 10,130 units. Leading the rankings were Canada, Mexico, and Argentina, holding the second, third, and fourth positions, respectively.
