Key Market Indicators
Zimbabwe's vehicle registrations have seen a decline in 2023, with the number of registered units dropping to approximately 1,270 from around 1,560 in 2022. This represents an 18.7% decrease year-over-year. Since 2010, the Zimbabwean market has experienced a cumulative decline of 20.1% annually. In the global ranking for 2023, Zimbabwe was positioned at number 119. Malawi, with a similar number of registered units, slightly outpaced Zimbabwe. Leading the global rankings, Canada, China, and Austria secured the second, third, and fourth positions, respectively.
