In 2023, Russia led the global new registrations of passenger cars with 4.1503 million, despite a minor decrease of 0.63%. Germany followed with 3.6151 million registrations, observing a slight increase of 1.02%. France, Italy, and Spain showcased modest growths at 2.1403, 2.0303, and 1.5914 million, respectively.
Remarkable expansion was noted in Hungary with a significant 4.58% increase, reaching 0.36948 million. Czech Republic and Croatia also observed robust growths of 2.78% each. Conversely, Canada and Romania experienced considerable declines of 1.81% and 7.98%, respectively.
Future trends suggest an ongoing expansion in Eastern European markets, particularly in Hungary, Czech Republic, and Moldova, alongside growing registrations in the Nordic countries such as Sweden and Norway. Emerging markets in Eastern Europe and consistent growth in Western Europe indicate a dynamic, evolving landscape for global passenger car registrations.
Top countries in New Registrations of Passenger Cars by Country
| # | 10 Countries | Units (Registrations) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 4,150,300 | 2023 | +2.23% | -0.63% | View data |
| 2 | 2 Germany | 3,615,100 | 2023 | +0.97% | +1.02% | View data |
| 3 | 3 France | 2,140,300 | 2023 | +0.31% | +0.016% | View data |
| 4 | 4 Italy | 2,030,300 | 2023 | +0.85% | +0.87% | View data |
| 5 | 5 Spain | 1,591,400 | 2023 | +2.4% | +2.24% | View data |
| 6 | 6 Belgium | 565,490 | 2023 | +0.36% | +0.29% | View data |
| 7 | 7 Canada | 527,690 | 2023 | -2.01% | -1.81% | View data |
| 8 | 8 Sweden | 397,250 | 2023 | +1.09% | +1.68% | View data |
| 9 | 9 Hungary | 369,480 | 2023 | +4.3% | +4.58% | View data |
| 10 | 10 Austria | 349,760 | 2023 | +0.4% | +0.5% | View data |
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