Forecast: First Registrations of New Vehicles in Austria

In 2023, the number of first registrations of new vehicles in Austria stood at approximately 247 thousand. Forecasts for 2024 predict a slight decline to about 242.87 thousand registrations. By 2025, this number is expected to decline further to 238.33 thousand, representing a year-on-year decrease of around 1.9%. This downward trend continues with 233.82 thousand registrations forecasted for 2026, a further 1.9% decline. The forecast for 2027 suggests a continued decrease to 229.37 thousand, showing a 1.9% drop from the previous year. By 2028, first registrations are expected to reach approximately 224.96 thousand, marking a 1.9% year-on-year reduction. Throughout the forecast period, the average compound annual growth rate (CAGR) indicates a consistent 1.9% decline per year.

Future trends to watch for include the impact of emerging electric vehicle (EV) adoption on new vehicle registrations, potential government regulations promoting eco-friendly vehicles, and shifts in consumer preferences towards alternative means of transportation such as shared mobility services. Monitoring these trends will be crucial for anticipating market dynamics over the coming years.