Key Market Indicators
Zambian vehicle registration is projected to hit approximately 3,340 units by 2028, a slight decrease from the 3,370 units recorded in 2023. This represents an average annual decline of 0.1%. Since 2010, the Zambian automotive market has experienced a year-on-year contraction of 2.4%. In the global rankings for 2023, Zambia stood at 111th place, with Nigeria surpassing it with 3,370 units. Leading the chart were Canada, China, and Austria, securing the second, third, and fourth positions, respectively.
