Key Market Indicators
French Vehicle Registration is projected to hit approximately 3.3 million units by 2028, up from about 2.9 million units in 2023. This represents a compound annual growth rate (CAGR) of 2.1% year on year. Since 2010, the French market has seen a steady increase, with an annual growth rate of 1.7%. Globally, Canada, China, and Austria secured the second, third, and fourth positions in vehicle registration rankings, respectively. In contrast, French Vehicle Production is expected to decline to around 2.1 million units by 2028, down from about 2.2 million units in 2023. This marks a year-on-year CAGR decrease of 0.5%. Since 2002, the nation's vehicle supply has been dwindling at an annual rate of 1%. In the 2023 global production ranking, France held the 11th position, with Spain slightly ahead at approximately 2.2 million units. The United States, Japan, and Germany occupied the second, third, and fourth spots, respectively.
