The forecast for the UK registration of brand new goods vehicles assumes stability from 2024 to 2028, maintaining a projected rate of 780 s Per 1,000 Persons. While data for 2023 is unspecified, the absence of year-on-year growth indicates no anticipated change in registration rates over the specified period. Consequently, no compounded annual growth rate (CAGR) is applicable as the data remains static, implying a plateau in the market.

Future trends to watch include:

Potential policy shifts towards sustainable transportation including electrification mandates.
Economic factors such as inflation or exchange rate changes affecting vehicle pricing and demand.
Technological advancements in vehicle automations that could impact fleet renewal rates.
Emerging consumer preferences influenced by environmental awareness.