Key Market Indicators
Ugandan vehicle registration is projected to decline significantly over the next five years, with the number of registered units expected to drop to approximately 1,060 by 2028. This represents a year-on-year compound annual growth rate (CAGR) decline of 7.9%. In 2023, Uganda recorded around 1,750 registered vehicles, a figure that has been diminishing since 2010, with an average annual decrease of 1.5%. This downturn has positioned Uganda at the 116th spot globally in vehicle registrations for 2023. Leading the rankings, Madagascar matched Uganda with 1,750 registered units. Meanwhile, Canada, China, and Austria occupied the second, third, and fourth positions, respectively.
