Key Market Indicators
Luxembourger car registration is projected to hit approximately 58,300 units by 2028, rising from about 56,150 units in 2023. This marks an average annual growth rate of 0.7%. Since 2010, the nation's demand for car registrations has increased by an average of 1.2% each year. In 2023, Luxembourg held the 61st position in global rankings, with Belarus slightly ahead at the same figure of 56,150 units. Topping the list, Indonesia, Austria, and Belgium claimed the second, third, and fourth spots respectively in the 2023 car registration rankings.
