Key Market Indicators
Peruvian vehicle registration is projected to hit approximately 339,000 units by 2028, up from around 261,000 units in 2023. This represents a compound annual growth rate (CAGR) of 4.1%. Since 2010, Peru's vehicle market has consistently expanded, with an annual growth rate of 12.1%. In 2023, Peru ranked 52nd globally in vehicle registration numbers, just behind Denmark, which also registered about 261,000 units. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth positions, respectively.
