Key Market Indicators
The number of cars registered in Colombia is expected to drop to 113,810 units by 2026. In 2021, the number was 111,960 units, a 3.9% year-on-year decrease. Since 2010, the Colombian demand for cars has gone down by 12.3% year-on-year. Colombian car production is predicted to hit 53,610 units by 2026, a 0.4% decrease from the 2021 figure of 48,340 units. Since 2004, the Colombian supply of cars has dropped by 9.1% year-on-year. In 2021, Colombia came in 40th place, overtaken by Kazakhstan with 48,340 units. Japan, Germany, and South Korea took the second, third, and fourth places in the ranking respectively.