Forecast: Commercial Vehicles in Use in Argentina

The commercial vehicles in use in Argentina have seen a general upward trend from 2013 to 2023, growing from 3.01 million to 4.05 million units. However, there was a notable dip in 2020 with a 14.94% decline compared to 2019. This was followed by a strong rebound in 2021 and continued growth through the forecasted years. The year-on-year growth rate in 2023 was 2.18%, indicating a slightly moderated pace compared to previous years.

Despite fluctuations, the compound annual growth rate (CAGR) over the last five years (ending 2023) stood at 2.38%. Looking ahead, the forecast indicates a steady growth trajectory, with the commercial vehicles in use expected to reach 4.49 million units by 2028. The forecasted five-year CAGR is 1.68%, averaging an 8.68% growth rate over the same period.

Future trends to watch for include:

• Impact of economic recovery post-pandemic on commercial vehicle demand.
• Adoption of electric and hybrid commercial vehicles amidst environmental regulations.
• Potential market disruptions due to changes in trade policies and fuel prices.