Key Market Indicators
Guyanese vehicle registration is projected to rise to 7,580 units by 2028, marking a 1% year-on-year compound annual growth rate (CAGR) from its current 7,130 units in 2023. Since 2010, the Guyanese market has seen a steady increase, growing at an average rate of 0.7% annually. In the 2023 rankings, Guyana held the 99th position, with Moldova surpassing it at 7,130 units. Leading the global rankings, Canada, China, and Austria secured the second, third, and fourth positions, respectively.
