Key Market Indicators
Norwegian car registrations are projected to climb to approximately 3.2 million units by 2028, up from around 2 million units in 2023. This marks a robust annual growth rate of 7.6%. Since 2010, the demand for cars in Norway has surged by nearly 68% each year. In the 2023 rankings, Norway was positioned at number 16, with Greece surpassing it with the same number of units registered, approximately 2 million. In the global rankings, Indonesia, Austria, and Belgium secured the second, third, and fourth spots, respectively.
