Diesel Automotive (With Engine Less than 1500cc) Market Size Value Per Capita in Montenegro

The Diesel Automotive market with engines less than 1500cc in Montenegro showcased a growth trajectory from 2013 to 2023, increasing from $39.12 to $62.61 USD per capita. The market saw fluctuations with some downturns, particularly in 2015 and 2020, but it rebounded in subsequent years. The year-on-year growth between 2022 and 2023 was approximately 2.32%, while the Compound Annual Growth Rate (CAGR) over the last five years was roughly 2.52%.

Looking ahead, the market may be influenced by several trends:

• Transition towards more fuel-efficient and environmentally friendly vehicles potentially impacting diesel sales.
• Regulatory changes and incentives for alternative energy vehicles might affect the diesel market size.
• Fluctuations in economic conditions influencing consumer purchasing power and choices.