Forecast: First Registrations of New Vehicles in the Netherlands

The registration of new vehicles in the Netherlands has experienced notable fluctuations from 2013 to 2023, peaking at approximately 538.67 thousand units in 2018 and steadily declining to 380.67 thousand units by 2023. Year-on-year variations indicate periods of both growth and decline, with significant drops in 2020 and smaller declines thereafter. The most recent data from 2023 show a modest decline of 1.01% compared to the previous year. The compound annual growth rate (CAGR) over the past five years is -6.71%, indicative of a general downward trend.

Future trends to watch for include potential stabilization or further decreases in new vehicle registrations. The forecasted data suggest a continued decline at an average of -0.82% per year over the next five years, leading to an estimated registration volume of approximately 361.55 thousand units by 2028. Key factors to monitor include economic conditions, shifts in consumer preferences towards electric vehicles, government policies on vehicle emissions, and advancements in public transportation infrastructure.