Passenger car registrations in Chile saw significant fluctuations between 2013 and 2023, with the value of registrations standing at 32.12 thousand in 2023. Year-on-year variations were notable, with a standout drop of 30.59% in 2020, followed by a sharp rise of 60.56% in 2021, and stabilization at 8.06% in 2023. The five-year CAGR leading to 2023 was -1.57%, indicating an overall decline.

Looking forward, the forecasted data suggests a steady but modest increase in passenger car registrations from 32.57 thousand in 2024 to 34.34 thousand in 2028. The expected CAGR over this period is 1.07%, projecting a total growth rate of 5.44%.

Future trends to watch for include:

Economic stability influencing consumer purchasing power.
Increasing demand for sustainable and electric vehicles.
Government policies encouraging vehicle modernization and environmental regulations.
Changes in global supply chains potentially affecting car availability and prices.