Car registrations to reach 535k this year - report

This year, the number of car registrations will grow to 535k from 486,500 last year, according to the Samar institute. “Last year’s result was higher by 16.89 percent y/y. This year, we can expect further growth in the market to about 535k new registrations. If this forecast is correct, it would be the second best result in history after 199,” Samar said. In January, 51,039 passenger cars and LCVs (DMC up to 3.5 metric tons) were registered, representing a 21.7 percent y/y growth.