Key Market Indicators
Lithuanian car registrations are projected to hit approximately 59,000 units by 2028, up from around 48,000 units in 2023. This marks an average annual growth rate of 3.2%. Since 2010, the demand for car registrations in Lithuania has surged at an average rate of 8.3% per year. In 2023, Lithuania ranked 62nd globally in car registrations, with Luxembourg slightly ahead at the same figure of 48,000 units. Leading the global ranking, Indonesia, Austria, and Belgium took the second, third, and fourth spots respectively.
