Key Market Indicators
**Argentinian Vehicle Registration Projected to Reach 15.7 Million Units by 2028** The Argentinian vehicle registration market is projected to increase to approximately 15.7 million units by 2028, up from 15.5 million units in 2023. This represents a modest annual growth rate of 0.2%. Since 2010, Argentina's vehicle registration market has surged by an impressive 80.7% year on year. As of 2023, Argentina holds the 9th position globally in vehicle registrations, with the United States leading the ranking at 15.5 million units. Canada, China, and Austria follow in the 2nd, 3rd, and 4th positions, respectively. **Argentinian Vehicle Production Declines** In contrast, Argentinian vehicle production is expected to decline, reaching approximately 388,000 units by 2028, down from 428,000 units in 2023. This marks an average annual decrease of 1.5%. Since 2002, the country's vehicle production capacity has dwindled by 1.7% year on year. In 2023, Argentina ranked 27th in vehicle production, with Poland surpassing it with 428,000 units. The United States, Japan, and Germany hold the 2nd, 3rd, and 4th positions, respectively, in global vehicle production rankings.
