Key Market Indicators
Puerto Rican vehicle registration is projected to decline to approximately 68,750 units by 2028, down from around 86,600 units in 2023. This represents an average annual decrease of 3.7%. Since 2010, the Puerto Rican market has experienced a consistent annual decline of 0.8%. In 2023, Puerto Rico ranked 60th globally in vehicle registration, with Slovenia surpassing it by reaching 86,600 units. In the same ranking, Canada secured the second position, followed by China in third, and Austria in fourth place.
