The Bahamas Automotive Industry Outlook 2024 - 2028

See how the Bahamas Automotive performed compared to key markets such as Australia, Canada and China.

Key Market Indicators

Bahamian vehicle registration is projected to decline significantly, reaching approximately 491 units by 2028, down from 1,150 units recorded in 2023. This represents a compound annual growth rate (CAGR) decrease of 13.4% year on year. Since 2010, the Bahamian market has experienced a steady annual decline of 7%. In the global ranking of vehicle registrations for 2023, the Bahamas stood at 122nd place. Tajikistan narrowly led the Bahamas with an identical registration figure of 1,150 units. In contrast, the top three positions were occupied by Canada, China, and Austria, respectively, reflecting a stark disparity in vehicle registration volumes.

Marketing Banner

The Bahamas Automotive Market Data and Forecasts