Key Market Indicators
Tobagonian car registration is projected to hit approximately 11,260 units by 2028, up from around 10,870 units in 2023. This marks an average annual growth rate of 0.6%. Since 2010, the demand for car registrations in Tobago has been on an upward trajectory, expanding at an annual rate of 2.3%. In 2023, Tobago ranked 84th globally in car registrations, with Honduras surpassing it at the same figure of 10,870 units. The top three countries in this ranking were Indonesia, Austria, and Belgium, respectively.
