Key Market Indicators
Bahamian car registration is projected to plummet to approximately 580 units by 2028, a significant drop from around 1,010 units in 2023. This decline represents an average annual decrease of 8.6%. Since 2010, Bahamian demand for car registrations has been steadily decreasing at an average rate of 5.5% per year. As of 2023, the Bahamas ranked 114th globally in car registrations, with Cambodia surpassing it with 1,010 units. In the global rankings, Indonesia, Austria, and Belgium secured the second, third, and fourth positions, respectively.
