The output of wholesale, retail, and repair of motor vehicles and motorcycles in France was valued at 57.50 billion euros in 2023. The projections for 2024 to 2028 indicate a steady growth, suggesting an upward trend in the sector over this period.
Year-on-year growth analysis shows an approximate annual increase of 1.84% from 2024 to 2028. Over a five-year period, the compound annual growth rate (CAGR) is expected to be around 1.82%, indicating consistent and modest expansion in the industry.
Future trends to watch for include:
- Shifts towards electric vehicle adoption impacting sales and repair sectors.
- Potential regulatory changes affecting retail and repair operations.
- Technological advancements in vehicle repair and maintenance driving industry innovation.