Key Market Indicators
Czech Vehicle Registration is projected to reach approximately 290,000 units by 2028, up from around 284,000 units in 2023. This marks a modest annual growth rate of 0.3%. Since 2010, the Czech market has experienced a slight decline, averaging a 0.6% decrease each year. In 2023, the country ranked 48th globally in vehicle registrations, with Vietnam surpassing it with the same number of units registered. Canada, China, and Austria took the second, third, and fourth spots, respectively. On the production front, Czech Vehicle Production is expected to increase to about 1.67 million units by 2028 from approximately 1.50 million units in 2023, reflecting an annual growth rate of 1.7%. Since 2002, the country's vehicle supply has seen a steady increase, rising by 2.3% each year. In 2023, the Czech Republic ranked 14th in vehicle production, with Canada surpassing it with the same production volume. The United States, Japan, and Germany occupied the second, third, and fourth positions, respectively.
