Key Market Indicators
Romanian vehicle registrations are projected to surge to approximately 1 million units by 2028, up from around 690,000 units in 2023. This represents a compound annual growth rate (CAGR) of 6.1%. Since 2010, the Romanian market has experienced a robust annual growth rate of 34.3%. In the 2023 rankings, Romania was placed 34th globally, with Iran slightly ahead at 690,340 units. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth positions respectively. Meanwhile, Romanian vehicle production is anticipated to reach nearly 590,000 units by 2028, increasing from about 520,000 units in 2023. This growth reflects an average annual rate of 2%. Since 2002, the country’s vehicle supply has risen at an annual rate of 1.7%. In the 2023 production rankings, Romania was positioned 23rd, with Argentina slightly ahead at 518,920 units. The top spots were secured by the United States, Japan, and Germany, ranking second, third, and fourth respectively.
