Key Market Indicators
Chilean vehicle registrations are projected to hit approximately 501,000 units by 2028, marking a steady annual growth rate of 3.3%, according to recent forecasts. In 2023, the number of registered vehicles in Chile stood at around 408,000 units. This anticipated growth comes despite a slight annual decline of 0.5% in the Chilean market since 2010. In the global ranking for vehicle registrations in 2023, Chile was positioned at number 44. Sweden narrowly surpassed Chile with the same number of registrations at around 408,000 units. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth positions, respectively.
