Key Market Indicators
Serbian vehicle registration is projected to reach approximately 29,260 units by 2028, up slightly from 28,950 units in 2023. This marks a modest annual growth rate of 0.2%. Since 2010, the Serbian vehicle registration market has seen an average annual increase of 0.7%. As of 2023, Serbia stood at 74th place globally in vehicle registrations, with Bahrain surpassing Serbia at 28,950 units. Leading the global rankings in vehicle registrations are Canada, China, and Austria, occupying the second, third, and fourth positions, respectively. In terms of vehicle production, Serbia is expected to produce around 37,030 units by 2028, a slight rise from 36,510 units in 2023, reflecting an annual growth rate of 0.2%. However, the country's vehicle production has been on a decline since 2002, with an average annual decrease of 8.3%. In 2023, Serbia ranked 40th in global vehicle production, with Colombia overtaking it at 36,510 units. The United States, Japan, and Germany hold the second, third, and fourth spots in this ranking, respectively.
