Key Market Indicators
Honduran vehicle registration is projected to rise to approximately 12,350 units by 2028, up from around 11,980 units in 2023. This marks a compound annual growth rate (CAGR) of 0.5%. Since 2010, the Honduran market has seen a year-on-year decline of 0.7%. In 2023, Honduras was ranked 90th in the world for vehicle registrations. Bosnia and Herzegovina narrowly surpassed Honduras with the same number of units registered, 11,980. In the global rankings, Canada, China, and Austria secured the second, third, and fourth positions, respectively.
