Cambodia 2023. Car Sales Jumped 10% At New All Time Record

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Cambodia auto market kept growing in 2023. Full Year sales increase 10.9% sustained by a solid GDP growth and strong consumer demand. While Chinese OEMs are gaining terrain, Toyota leads the ranking, ahead of Mitsubishi.

Economic Environment

The Cambodian economy continues to recover from the pandemic with growth projected at 5.3 percent in 2023. Risks to the outlook stem from external challenges and weakness in parts of the real estate sector.

Auto Market in 2023

The Cambodian car market is in a positive pathway since he end of the Covid19 emergency and is hitting a record any year.

In 2023 sales increase at 33.683 (+10.9%) posting the third growth in a row.