Key Market Indicators
Puerto Rican vehicle registration is projected to drop to approximately 68,750 units by 2028, down from around 86,600 units in 2023. This represents an average annual decline of 3.7%. Since 2010, the Puerto Rican market has seen a consistent yearly decrease of 0.8%. In the global rankings for 2023, Puerto Rico holds the 60th position, just behind Slovenia, which recorded the same number of units at 86,600. Leading the rankings are Canada, China, and Austria, occupying the second, third, and fourth positions, respectively.
