Key Market Indicators
Australian Car Registration is projected to soar to approximately 81 million units by 2028, up from around 48 million units in 2023. This represents an annual growth rate of 8.1%. Since 2010, demand for car registration in Australia has surged by over 123%. In the global ranking, Indonesia, Austria, and Belgium hold the second, third, and fourth positions, respectively, following Australia. Conversely, Australian car production is experiencing a significant decline. In 2023, production is expected to be close to 35,000 units, a sharp drop from nearly 46,000 units in 2022. This marks a 24% decrease compared to the previous year. Since 2002, the supply of domestically produced cars in Australia has dwindled by nearly 18% annually.
