Forecast: Passenger Cars in Use in Argentina

The passenger cars in use market in Argentina saw a steady increase from 2013 to 2019, with minimal year-on-year variations, peaking at 11.7 million units in 2019. However, a significant dip occurred in 2020 due to external factors, before rebounding to previous levels by 2021. In 2023, the market stood at 12.91 million units, marking a 2.33% year-on-year increase, and exhibited a 2.56% CAGR over the previous five years. Future projections indicate moderate growth, reaching 14.41 million units by 2028, reflecting a forecasted 1.79% CAGR and a 9.26% total growth over five years.

Outlook for future trends:

• Economic Stability: Economic conditions in Argentina will greatly influence car sales and fleet growth.
• Government Policies: Regulations on emissions and incentives for electric vehicles could shift market dynamics.
• Technological Advancements: Innovations in automotive and mobility solutions can affect consumer preferences and market size.