Key Market Indicators
Paraguayan vehicle registration is projected to reach approximately 35,000 units by 2028, up from about 31,000 units in 2023. This marks an average annual growth rate of 1.6%. Despite this anticipated growth, the Paraguayan market has seen a slight decline since 2010, with an average annual decrease of 0.6%. In 2023, Paraguay ranked 72nd globally in vehicle registration. Bolivia surpassed Paraguay with a registration of around 31,000 units. Leading the rankings, Canada, China, and Austria held the second, third, and fourth positions, respectively.
