South Korea Vehicle Registration is set to reach 2,234,300 Units by 2028 from 1,997,400 Units 2023, grew 1.8% per year. Since 2010, the market grew 0.4% year on year totalising 97,777,000 Units. The country was number 21 in 2023, Colombia overtook 1,997,400 Units. Canada, China and Austria respectively ranked numbers 2, 3 and 4 in this ranking.
How does South Korea rank in New Vehicles Registrations?
| # | 131 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 48,060,000 | 2023 | +5.92% | +112.03% | View data |
| 2 | 2 Canada | 30,481,000 | 2023 | +16.1% | +71.74% | View data |
| 3 | 3 China | 29,384,000 | 2023 | +29.94% | +0.91% | View data |
| 4 | 4 Austria | 28,801,000 | 2023 | +25.9% | +135.96% | View data |
| 5 | 5 Indonesia | 27,551,000 | 2023 | +2.36% | +88.66% | View data |
| 20 | 20 Italy | 2,162,600 | 2023 | +23.64% | +0.38% | View data |
| 21 | 21 Colombia | 2,146,500 | 2023 | +0.63% | +54.27% | View data |
| 22 | 22 South Korea | 1,997,400 | 2023 | +23.92% | +1.8% | |
| 23 | 23 Ukraine | 1,917,700 | 2023 | +4.78% | +81.9% | View data |
| 24 | 24 Russia | 1,913,800 | 2023 | +19% | -1.24% | View data |
