The production in the sale of motor vehicles in Chile is forecasted to grow steadily from 2.1074 Trillion Chilean Pesos in 2024 to 2.2346 Trillion Chilean Pesos by 2028. In comparison, the value stood at 2.0400 Trillion Chilean Pesos in 2023.
Year-on-year, this represents an average annual growth rate of approximately 2-3% during the period from 2024 to 2028. Specifically:
- 2024 to 2025: 1.56% increase
- 2025 to 2026: 1.50% increase
- 2026 to 2027: 1.44% increase
- 2027 to 2028: 1.40% increase
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is anticipated to be around 1.82%.
Future trends to watch for include the potential impact of economic policies on the automotive industry, shifts in consumer preferences towards electric or alternative fuel vehicles, and the evolution of supply chain dynamics. Additionally, advances in automotive technology and the integration of digital services may also play crucial roles in shaping the market's trajectory.
