Key Market Indicators
Guatemala's vehicle registration is projected to climb to approximately 26,780 units by 2028, marking a modest annual growth rate of 0.6% from the current 25,900 units in 2023. This trend reflects a slight uptick from the country's average annual growth rate of 0.4% since 2010. In the global context, Guatemala ranked 76th in vehicle registrations this year, with Nepal surpassing it by registering the same number of units in 2023. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth positions respectively.
