Key Market Indicators
**Portuguese Car Registration to Decline by 2028** Portuguese car registration is projected to decline, reaching approximately 120,000 units by 2028, down from around 166,000 units in 2023. This represents an average annual decrease of 5.1%. Since 2010, the demand for cars in Portugal has been on a downward trend, falling by 6% on average each year. In 2023, Portugal ranked 53rd in car registrations, with Slovakia surpassing it at 166,000 units. Indonesia, Austria, and Belgium occupied the second, third, and fourth spots, respectively. **Portuguese Car Production on the Rise** In contrast, Portuguese car production is set to experience significant growth. By 2028, the country is expected to produce roughly 645,000 units, up from about 422,000 units in 2023. This marks an average annual growth rate of 6.7%. Since 2002, car production in Portugal has seen a robust increase, averaging 12.5% growth per year. In 2023, Portugal ranked 24th in car production, with Morocco slightly ahead at 422,000 units. Japan, Germany, and India held the second, third, and fourth positions, respectively.
