Key Market Indicators
Lithuanian vehicle registration is projected to climb to approximately 63,000 units by 2028, marking an increase from around 52,000 units in 2023. This represents an average annual growth rate of 3%. Since 2010, Lithuania's vehicle market has experienced a consistent rise, with an average annual growth rate of 7.6%. In the global ranking for 2023, Lithuania secured the 64th position. Luxembourg surpassed Lithuania with a registration volume of about 52,000 units. In the global standings, Canada, China, and Austria occupied the second, third, and fourth positions, respectively.
