In 2023, the Gross Value Added (GVA) for the Wholesale, Retail, and Repair of Motor Vehicles and Motorcycles sector in Germany stood at 390.5 billion Euros. The forecasts from 2024 to 2028 indicate steady growth, with the GVA expected to rise from 407.1 billion Euros in 2024 to 476.95 billion Euros by 2028.
The year-on-year percentage growth is as follows:
- 2023-2024: 4.25%
- 2024-2025: 4.35%
- 2025-2026: 4.13%
- 2026-2027: 3.93%
- 2027-2028: 3.75%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 3.8%.
Future trends to watch for include the impact of digital transformation, such as advancements in e-commerce and supply chain technologies, and the increasing shift towards electric vehicles, which could reshape market dynamics and demand patterns.
