Key Market Indicators
Serbian Car Registration is projected to reach approximately 25,530 units by 2028, up from around 25,190 units in 2023. This marks a modest annual growth rate of 0.3%. Since 2010, Serbia has seen a consistent annual increase of 1% in car registrations. In 2023, Serbia ranked 72nd globally, with Bolivia surpassing it with around 25,190 units. The top three countries in this ranking were Indonesia, Austria, and Belgium. On the production front, Serbian Car Production is set to hit about 39,790 units by 2028, rising from an estimated 38,300 units in 2023. This represents an average annual growth rate of 0.6%. However, since 2002, Serbia's car production has experienced an average annual decline of 7.4%. In 2023, Serbia ranked 41st globally, with the Philippines overtaking it with about 38,300 units. Japan, Germany, and India ranked second, third, and fourth, respectively, in car production.
