Automotive Market in Dominican Republic
The automotive market in the Dominican Republic has been witnessing a positive performance in the past years.
Overview
According to a report by Focus2move, the auto sector grew by 35.5% in 2021, with 18,043 sales, and it reported positive performance in all quarters except Q4.
A report by DominicanToday states that the new vehicle market in the Dominican Republic grew by 50 percent in 2022 compared to 2021, with projections indicating that this increase will continue with an estimated 141,871 new and used vehicles in 2023, which presents an increase of 11 percent at the end of this year.
In addition, a 2023 survey conducted by Statista forecasts that the revenue in the passenger car market in the Dominican Republic will increase by 25.9 million U.S. dollars (+30.21 percent) between 2023 and 2027, and will amount to 111.59 million U.S. dollars in 2027.
Popular Car Brands in the Dominican Republic
According to a 2023 survey conducted by Statista, the most popular car brand in the Dominican Republic is Honda. The other brands that made it to the top 5 list are Toyota, Hyundai, Nissan, and Kia. A Focus2move report indicates that the top 3 brands hold over 53% market share in the Dominican Republic’s auto market.
The automotive market in the Dominican Republic is estimated to grow and will continue to grow in the future. Act now to become a leader in this trend of development by creating a unique look for your car. Contact our distributor in the Dominican Republic today at https://rarfglobalbrands.com
DOMINICAN WRAP INSTALLERS
Finally Cars
Address: Calle paseo de la arroyo con las habrás nave #3 los ríos al lado de Carreufr, Santo Domingo Rep Dominicana
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