Key Market Indicators
Czech Vehicle Registration is projected to reach approximately 290,000 units by 2028, up from around 284,000 units in 2023, reflecting an average annual growth rate of 0.3%. However, since 2010, the Czech market has experienced a yearly decline of 0.6%. In 2023, the country ranked 48th globally in vehicle registrations, with Vietnam surpassing it with the same number of units. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth positions respectively. On the production front, Czech Vehicle Production is expected to rise to roughly 1,674,000 units by 2028, from about 1,504,000 units in 2023, marking an annual compound growth rate of 1.7%. Since 2002, the Czech automotive supply has increased by 2.3% annually. In 2023, the Czech Republic was ranked 14th in vehicle production, with Canada slightly ahead at around 1,504,000 units. The United States, Japan, and Germany held the second, third, and fourth spots in the global rankings respectively.