The turnover in the sale of motor vehicles in France demonstrated significant fluctuations from 2013 to 2023. Initially, the market saw a moderate decline, dipping slightly from 2013 to 2014. Following this, it experienced a slight recovery, peaking in 2016. However, by 2017, there was a dramatic drop, with subsequent years reflecting a continuous downward trend. By 2023, the turnover stood at 9.01 billion Euros—showing a persistent contraction.
- Over the last two years, 2022 and 2023, the market observed a year-on-year decline of 8.94% and 9.72% respectively.
- The Compound Annual Growth Rate (CAGR) from 2018 to 2023 illustrated an average annual decrease of 7.34%.
- Forecasts indicate a further decline, projecting a 5-year CAGR of -11.78%, suggesting a significant decrease by 2028.
Looking forward, key trends to watch include technological advancements in electric vehicles, shifting consumer preferences towards sustainable transport options, and evolving regulatory frameworks favoring eco-friendly vehicles. Additionally, the global economic environment and potential disruptions in supply chains could further influence this sector's dynamics.
