The first registrations of new goods vehicles in Chile have shown considerable fluctuations over the decade. Starting from 95,000 in 2014, the numbers fluctuated with a notable dip in 2020 at 86,950 due to the pandemic. The market rebounded sharply in 2021, achieving the highest growth rate of 72.92% to 150,350, and further to 159,070 in 2022. As of 2023, registrations stood at 156,460, marking a slight decline of 1.64% year-on-year.

The compound annual growth rate (CAGR) over the last five years stands at an impressive 5.35%, illustrating healthy market expansion. The forecast for the future indicates continuous growth, reaching up to 218,600 registrations by 2028 with a CAGR of 5.26% and an overall forecasted growth rate of 29.24% over the next five years.

Future trends to watch for:

Surge in demand for commercial transportation solutions amid economic stabilization.
Increasing adoption of electric and sustainable goods vehicles.
Potential impacts of government policies and incentives on vehicle registrations.
Technological advancements driving efficiency and safety improvements in goods vehicles.