The forecast for Road Motor Vehicles in Spain indicates a steady decline from 25.39 units per million USD GDP in 2024 to 24.99 in 2028. Year-on-year variations illustrate a gradual decrease of -0.43% from 2024 to 2025, -0.40% from 2025 to 2026, -0.36% from 2026 to 2027, and -0.40% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) reflects a minor downward trend.
Forecasts suggest a persistent slight downturn in the market, guided by:
- Economic fluctuations and their impact on vehicle affordability.
- Policy changes aimed at environmental sustainability and emissions reduction.
- Technological advancements in alternative fuel vehicles potentially disrupting traditional market dynamics.
