Key Market Indicators
Salvadoran vehicle registrations are projected to drop to approximately 6,100 units by 2028, down from around 7,400 units in 2023. This decline represents a compound annual growth rate (CAGR) of -2.9% year-on-year. Since 2010, the Salvadoran market has experienced an average annual decrease of 4.7%. In 2023, El Salvador ranked 97th in vehicle registrations, with Jamaica slightly ahead at around 7,400 units. Globally, Canada, China, and Austria occupied the second, third, and fourth positions, respectively, in vehicle registration rankings.
