Key Market Indicators
Sri Lankan car registrations are projected to hit 9,500 units by 2028, reflecting a slight decrease from the 2023 figure of 9,540 units. This marks a negligible annual decline of 0%. The trend follows a broader pattern observed since 2010, where demand for car registrations in Sri Lanka has diminished by an average of 2.8% each year. In the global context for 2023, Sri Lanka ranked 87th in car registrations. Brunei edged ahead, also with 9,540 units. Leading the rankings were Indonesia, Austria, and Belgium, taking the second, third, and fourth spots respectively.
