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Serbia’s vehicle market sees strong growth in Q1 2024

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Sales of passenger and light commercial vehicles rose by over 20 percent compared to the same period last year, with a total of 7,493 vehicles sold in the first three months of 2024.

The top-selling brands for passenger vehicles include Å koda, Toyota, and Volkswagen, while Citroen leads in light commercial vehicles. Luxury vehicle sales remain strong, with BMW, Mercedes, and Audi among the favorites. Gasoline-powered vehicles still dominate the market, although sales of hybrids and electric vehicles have seen significant growth compared to last year.

Diesel vehicles maintain a notable market share, while electric-only vehicles are also making an appearance, albeit with a smaller market presence.

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