Key Market Indicators
Costa Rican vehicle registrations are projected to hit 42,420 units by 2028, up from 40,690 units in 2023. This marks a modest annual growth rate of 0.7%, according to recent data. Since 2010, the Costa Rican market has experienced a steady increase, averaging a 0.6% growth rate per year. In the global ranking for 2023, Costa Rica holds the 68th position, with Uruguay slightly ahead at the same number of units. Leading the rankings, Canada, China, and Austria occupy the second, third, and fourth spots, respectively.
