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Serbia Passenger Cars Market

Publisher Renub Research
Published Aug 01, 2025
Length 20 Pages
SKU # RNBR20317497

Description

The Serbia passenger cars market in 2023 reflects both growth in the overall fleet and continued dependence on conventional fuels, with a limited but emerging role for alternative powertrains. New passenger car registrations in 2023 were dominated by petrol and diesel vehicles, with hybrids and electrics making up only a small share of the market. The total number of passenger cars in circulation increased steadily between 2018 and 2023, reflecting rising demand and ongoing imports of used vehicles from the EU. Despite this growth, the motorisation rate in 2023, measured as cars per thousand inhabitants, remains below the EU average, underlining both affordability challenges and long-term market potential. By fuel type, petrol cars account for the largest share of the fleet, particularly concentrated in small to mid-size engines, while diesel cars continue to play a significant role, especially in medium and larger engine categories. The age profile of the Serbian fleet highlights a structural challenge: a high proportion of cars are more than 10 years old, indicating slower fleet renewal, higher emissions, and lower efficiency compared to EU standards. This creates an opportunity for policies and incentives to encourage cleaner technologies and accelerate modernization of the passenger car market.

Table of Contents

20 Pages
1. New passenger cars by type of engine fuel, 2023 (numbers)
2. Passenger cars, 2018-2023 (number)
3. Motorisation rate, 2023 (number of passenger cars / thousand inhabitants)
4. Passenger cars by type of engine fuel, 2023 (% of all passenger cars)
5. Petrol-driven passenger cars by size of engine, 2023
6. Diesel-driven passenger cars by size of engine, 2023
7. Passenger cars by age, 2023 (i.e. on 31 December 2023) (% of all passenger cars)

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