Key Market Indicators
Zambian vehicle registration is projected to dip to approximately 3,340 units by 2028, down from around 3,370 units in 2023. This represents a slight annual decline of 0.1%, according to recent data. Since 2010, the Zambian market has been shrinking at an annual rate of 2.4%. In the global ranking for 2023, Zambia placed 111th, with Nigeria just ahead at the same 3,370 units mark. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth positions, respectively.
