In 2023, the turnover in the Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles sector in Germany is estimated at approximately 307 billion euros. The sector is projected to grow steadily, reaching about 339.92 billion euros by 2028. Year-on-year growth rates are slight but positive, indicating a gradual recovery and expansion in the sector. The compound annual growth rate (CAGR) over the forecast period is expected to be modest, reflecting stable but unspectacular growth.
Future trends to watch for:
- The impact of electric vehicle (EV) adoption on market dynamics.
- Technological advancements and their influence on automotive trade and repair services.
- Changes in consumer behavior and preferences towards mobility solutions.
- Potential economic and regulatory changes affecting the automotive industry in Germany.