Key Market Indicators
Lebanese vehicle registration is projected to decline to approximately 22,900 units by 2028, down from an estimated 25,600 units in 2023. This represents an average annual decrease of 1.7%. The Lebanese automotive market has been experiencing a steady decline, with an average annual drop of 6.3% since 2010. As of 2023, Lebanon ranked 77th in the global vehicle registration rankings. In comparison, Guatemala surpassed Lebanon with 25,600 units in 2023. Leading the rankings are Canada, China, and Austria in second, third, and fourth places, respectively.
