Key Market Indicators
Costa Rican vehicle registration is projected to hit approximately 42,420 units by 2028, marking a modest annual growth rate of 0.7% from the 40,690 units recorded in 2023. This slight increase continues a trend observed since 2010, during which the Costa Rican market has grown at an average rate of 0.6% per year. In 2023, Costa Rica ranked 68th globally in vehicle registration. Uruguay surpassed Costa Rica with vehicle registrations also at around 40,690 units. Leading the ranking were Canada, China, and Austria, occupying the second, third, and fourth positions respectively. The data highlights the steady but slow growth within the Costa Rican automotive sector, contrasting with the more dynamic expansion seen in some other countries.
