Key Market Indicators
Lithuanian vehicle registration is projected to climb to approximately 63,000 units by 2028, marking an increase from the current figure of around 52,000 units in 2023. This growth represents an average annual rate of 3%. Since 2010, Lithuania has experienced a steady rise in vehicle registrations, with an average year-on-year increase of 7.6%. In the global ranking for 2023, Lithuania holds the 64th position, with Luxembourg slightly ahead at 52,000 units. Leading the rankings are Canada, China, and Austria, securing the second, third, and fourth spots respectively. These nations continue to dominate the global vehicle registration landscape.
