Key Market Indicators
Cuban Car Registrations are projected to decline to approximately 2,550 units by 2028, down from around 2,800 units in 2023. This represents an average annual decrease of 1.4%. Since 2010, the demand for car registrations in Cuba has been on a steady decline, averaging a reduction of 9% each year. In the global rankings for 2023, Cuba held the 108th position. Albania surpassed Cuba with 2,800 units registered. Leading the global car registration rankings are Indonesia, Austria, and Belgium, holding the second, third, and fourth positions, respectively.
