Key Market Indicators
Guatemala's vehicle registration is projected to reach approximately 26,800 units by 2028, according to recent forecasts. This marks a modest annual growth rate of 0.6% from the 25,900 units registered in 2023. Since 2010, the Guatemalan market has seen a steady increase of 0.4% annually. In 2023, the country was ranked 76th globally in vehicle registrations. Nepal, with an equal number of registrations, shared the same position. Leading the global rankings, Canada, China, and Austria took the second, third, and fourth spots, respectively.
