Key Market Indicators
Uganda's vehicle registration is projected to decline significantly, reaching approximately 1,060 units by 2028. This marks a sharp drop from the 1,750 units recorded in 2023, representing an average annual decrease of 7.9%. The downward trend in Uganda's vehicle market is not new, as the country has experienced a 1.5% year-on-year decline since 2010. In the global context, Uganda ranked 116th in vehicle registrations for 2023. Madagascar, with the same number of units, edged slightly ahead. Meanwhile, Canada, China, and Austria occupied the second, third, and fourth positions, respectively, in the global vehicle registration rankings for the same year.
