The number of vehicles in use in Argentina has experienced varied growth rates over the past decade. From 2013 to 2019, the annual increase ranged from 2.69% to 8.53%. A significant drop occurred in 2020 with a -14.82% decline, but recovery followed quickly with an impressive 17.33% growth in 2021. By 2023, the fleet stood at 16.96 million units, representing a 2.3% year-on-year growth. The CAGR over the last five years up to 2023 was 2.52%. Looking ahead, the forecast indicates modest annual growth with a 5-year CAGR of 1.76% and a total growth rate of 9.12% by 2028.

Future trends to watch for include:

Shifts in vehicle ownership reflecting economic conditions and consumer preferences.
Emergence and adoption of electric vehicles driven by environmental policies and technological advancements.
Impact of potential regulatory changes on vehicle import and usage policies.