Key Market Indicators
Macedonian vehicle registration is projected to decline significantly over the next five years, dropping to approximately 2,600 units by 2028 from around 3,600 units in 2023. This represents an average annual decrease of 5.2%. The Macedonian automotive market has been on a downward trajectory since 2010, with an average annual decline of 3.9%. In 2023, the country ranked 108th globally in vehicle registrations, a spot just behind Cuba, which registered about 3,600 units. In the broader context, Canada, China, and Austria occupied the second, third, and fourth positions respectively in vehicle registration rankings for 2023.
