Key Market Indicators
Lebanese car registrations are projected to decline to approximately 21,500 units by 2028, down from an estimated 24,000 units in 2023. This represents an annual compound growth rate (CAGR) decline of 1.7%. Since 2010, Lebanon has seen a consistent drop in car registrations, with an average annual decrease of 6.2%. In the 2023 global ranking, Lebanon stood at number 75, with Paraguay surpassing it by reaching the 24,000-unit mark. Leading the rankings were Indonesia, Austria, and Belgium, taking the second, third, and fourth spots, respectively.
