Key Market Indicators
Macedonian vehicle registrations are projected to decline significantly over the next five years. By 2028, the number of registered vehicles is expected to drop to approximately 2,600 units, down from around 3,600 units in 2023. This represents an average annual decrease of 5.2%. Since 2010, the Macedonian market has experienced a yearly decline of nearly 4%. In 2023, Macedonia ranked 108th globally in vehicle registrations, with Cuba slightly ahead at 3,600 units. Leading the global rankings, Canada, China, and Austria secured the second, third, and fourth spots, respectively.
