Key Market Indicators
Romanian car registrations are projected to surge to approximately 826,000 units by 2028, up from about 558,000 units in 2023. This marks a compound annual growth rate (CAGR) of 6.2%. Since 2010, the demand for car registrations in Romania has increased by 33.6% year on year. In 2023, Romania ranked 27th globally, with Iran leading the list at 558,000 units. Following Iran, Indonesia, Austria, and Belgium secured the second, third, and fourth spots, respectively. Meanwhile, Romanian car production is expected to hit around 641,000 units by 2028, rising from roughly 548,000 units in 2023. This represents a CAGR of 2.5%. Since 2002, the supply of cars in Romania has grown by 2.8% annually. In 2023, Romania was the 19th largest car producer, with Malaysia surpassing it with 548,000 units. Japan, Germany, and India took the second, third, and fourth positions in the global car production rankings, respectively.
