Forecast: First Registrations of New Road Vehicles in Germany

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.

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