Key Market Indicators
Honduran vehicle registration is projected to reach approximately 12,350 units by 2028, showing a modest annual growth rate of 0.5% from its 2023 figure of around 11,980 units. This forecast marks a turnaround from a downward trend that has seen the Honduran market decline by 0.7% per year since 2010. In 2023, Honduras ranked 90th globally in vehicle registrations, with Bosnia and Herzegovina surpassing it at 11,980 units. On the international stage, Canada, China, and Austria secured the second, third, and fourth positions, respectively, in vehicle registration rankings.
