Spanish
The growth of the vehicle fleet in the Dominican Republic is growing above the growth of its population and the country's economic activity.
In the last decade, the vehicle fleet has increased by 82%, with an annual growth of 6.1%, higher than that of real economic activity, according to data provided by economist Raúl Hernández Báez, in a meeting organized between Motor Crédito, a financial entity dedicated to the purchase of vehicles and motorized equipment, and importers and representatives of vehicles.
In 2024 alone, growth was 6.6%, reflecting a sustained expansion of the automotive sector.
Currently, the vehicle fleet is composed of 57% motorcycles, 18% automobiles, and 11% SUVs or jeeps.
For the coming year, a positive trend is projected, but lower than that of previous years.
According to data from the General Directorate of Internal Taxes (DGII), at the end of 2024, the stock of registered vehicles amounted to 6,194,0522 units, with 384,916 more vehicles added that year than in 2023.
When categorizing by country of origin, excluding motorcycles, the majority of vehicles that make up the Dominican vehicle fleet are Japanese, representing 60.4% of the vehicle stock, followed by Korean vehicles with a 14.6% share, those of US origin with 11.6%, European vehicles with 6.5%, Chinese vehicles with 1.3% and vehicles from other origins represent 5.5%.
