The market for passenger car registrations in Argentina experienced significant fluctuations from 2013-2023. After a peak in 2013 with a year-on-year growth of 14.75%, the market saw steep declines through 2014 (-36.78%) and 2015. A recovery began in 2017 with a 26.21% increase, yet the market faced volatility through 2018. A substantial surge occurred in 2020 with a remarkable 69.57% increase, stabilizing thereafter with minor variations. By 2023, registrations stood at 4208.3 thousand vehicles.
Looking forward, forecasts indicate a steady growth trajectory, with a 5-year CAGR of 6.26% and a projected increase of 35.49% by 2028, reflecting market stabilization and sustained growth.
Future trends to watch for include the adoption of electric vehicles, increasing urbanization, and macroeconomic factors such as inflation and consumer purchasing power which may influence passenger car registrations in Argentina.
