Key Market Indicators
Dominican Republic's vehicle registration is projected to climb to approximately 21,100 units by 2028, up from 20,600 units in 2023. This marks an average annual growth rate of 0.4%. Despite this projected increase, the Dominican vehicle market has seen a slight decline since 2010, averaging a 0.7% decrease each year. In the current year, the country holds the 81st position globally in vehicle registration. In 2023, Oman surpassed the Dominican Republic with an equal count of 20,600 units. Leading the global rankings, Canada, China, and Austria secured the second, third, and fourth positions, respectively.
