In 2023, the production of wholesale, retail trade and repair of motor vehicles and motorcycles in France stood at an unspecified level. The forecast for 2024 predicts a value of 61.48 billion Euros, growing steadily to 66.31 billion Euros by 2028. This reflects a consistent upward trend with year-on-year growth. The period from 2024 to 2028 anticipates a healthy compound annual growth rate (CAGR), suggesting robust industry health.
Future trends to watch for:
- Technological advancements influencing vehicle production efficiency.
- Potential regulatory impacts on the automotive sector.
- Shifts in consumer preference towards electric vehicles.
- Economic factors affecting consumer spending on automotive services and repairs.