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Honduras Commercial Vehicle Industry Outlook 2023

See how Honduras Commercial Vehicle performed compared to key markets such as the United States, Canada and Mexico.

Key Market Indicators

**Honduran Commercial Vehicle Registrations Plunge 87% in 2023** Honduras saw a dramatic decrease in commercial vehicle registrations in 2023, plummeting to just 68 units from 531 units in 2022. This represents an 87% drop compared to the previous year. Since 2010, the Honduran market has shrunk by nearly 50% on a year-on-year basis. In 2023, Honduras ranked 124th globally in commercial vehicle registrations, with Brunei slightly ahead at 68 units. The top spots were occupied by Canada, Mexico, and Argentina, respectively. **Diesel Truck Sales Projected to Remain Flat by 2028** The diesel truck market is expected to remain relatively stable over the next few years, with sales projected to reach approximately $62.5 million by 2028, down slightly from $62.8 million in 2023. This translates to a 0% compound annual growth rate (CAGR). Demand for diesel trucks has decreased by 0.9% year-on-year. In the global rankings, France, Italy, and Germany hold the second, third, and fourth positions, respectively.

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Honduras Commercial Vehicle Market Data and Forecasts

What is the size of the Honduran Commercial Vehicle Market in 2024?

Trucks Market Size Value in Honduras
Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value in Honduras
Trucks Market Size Value Per Capita in Honduras
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How much will Honduras Commercial Vehicle Market grow?

Forecast: Trucks Market Size Value in Honduras
Forecast: Import of Trucks to Honduras
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