Key Market Indicators
Cuba's vehicle registration is projected to decline to approximately 3,680 units by 2028, down from around 3,860 units in 2023. This represents an average annual decrease of 0.6%. The Cuban market for vehicle registration has been shrinking since 2010, experiencing an average annual decline of 8.7%. As of 2023, Cuba holds the 107th position in the global ranking for vehicle registration, with Mongolia slightly ahead, also at approximately 3,860 units. In contrast, the leading countries in vehicle registration for 2023 include Canada, China, and Austria, occupying the second, third, and fourth spots, respectively.
