Key Market Indicators
French car registrations are projected to decline to approximately 1.59 million units by 2028, down from about 1.73 million units in 2023. This represents a year-on-year compound annual growth rate (CAGR) decline of 1.3%. Since 2010, the demand for cars in France has decreased by an average of 4.5% annually. As of 2023, France ranked 20th globally in car registrations, with China surpassing it with around 1.73 million units. Indonesia, Austria, and Belgium secured the second, third, and fourth spots, respectively, in this ranking. In terms of car production, France is expected to see a slight decline to roughly 1.53 million units by 2028 from approximately 1.61 million units in 2023, translating to a 0.9% average annual decline. Since 2002, the country's car supply has decreased by an average of 1.9% per year. In 2023, France ranked 9th in global car production, with the United States overtaking it with around 1.61 million units. Japan, Germany, and India occupied the second, third, and fourth positions, respectively, in this ranking.
