In 2024, the forecast for first registrations of new road vehicles in Germany is 950 units per thousand USD GDP, gradually declining to 880 by 2028. This indicates a downward trend, with a year-on-year decrease: -2.1% in 2025, -2.2% in 2026, -1.1% in 2027, and -2.2% in 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately -1.5% annually.
Future trends to watch for:
- Impact of government policies on vehicle registration and environmental regulations.
- Advancements in electric vehicle technology influencing consumer preferences.
- Economic factors affecting consumer purchasing power and vehicle demand.