TBC Capital has released a new study on Georgia’s automotive market, showing that the country’s car fleet increased by 5.4% in the first nine months of 2025, largely driven by growth in the light vehicle segment. Initial vehicle registrations rose by 16% year-on-year in the first three quarters.
According to the research, the aging of the national car fleet remains a significant challenge, with 52% of vehicles older than 20 years. However, the declining average age of first-time registrations, now below pre-pandemic levels, signals gradual fleet renewal.
“In the first 10 months of 2025, vehicle imports increased by 5%, while re-exports grew by 13%,” the report notes.
Kyrgyzstan and Kazakhstan continue to dominate as re-export destinations in recent years.
Although still representing a relatively small share of the total market, the number of hybrid vehicles in first-time registrations grew by 24% annually in the first three quarters, while electric vehicle registrations surged by 81%. The rising number and share of newly registered light electric vehicles indicate increasing consumer interest in this segment.
TBC Capital also highlights that sales of new light vehicles have declined in both domestic and foreign markets over the past two years, partly due to the rapid fulfillment of pent-up demand in 2022–2023.
The study concludes that international trends linking economic development to vehicle ownership suggest significant future growth potential for Georgia’s car fleet.
