Key Market Indicators
Italian vehicle registration is projected to reach approximately 2.24 million units by 2028, up from around 2.16 million units in 2023, marking a 0.5% annual growth rate. Since 2010, the Italian market has seen a year-on-year increase of 0.4%. In 2023, Italy ranked 19th globally in vehicle registrations, with the United Kingdom leading with approximately 2.16 million units. Following the UK, Canada, China, and Austria occupied the second, third, and fourth positions, respectively. In contrast, Italian vehicle production is expected to decline to about 635,000 units by 2028 from roughly 834,000 units in 2023, representing a 4.3% annual decrease. Since 2002, the country's vehicle supply has been on a downward trend, decreasing by 4.7% year on year. In 2023, Italy was also ranked 19th in vehicle production, with the United Kingdom again taking the lead at approximately 834,000 units. The United States, Japan, and Germany followed closely in the second, third, and fourth positions, respectively.
