Key Market Indicators
Macedonian car registration is projected to decline significantly, reaching approximately 2,200 units by 2028. This marks a steep drop from the 3,100 units recorded in 2023, translating to an average annual decrease of 5.7%. Since 2010, the demand for car registrations in Macedonia has been on a downward trend, falling by an average of 4.4% each year. In the global rankings for 2023, Macedonia stood at the 106th position. Nicaragua outpaced Macedonia with an equal number of 3,100 units. In contrast, Indonesia, Austria, and Belgium secured the second, third, and fourth spots respectively in the car registration rankings.
