The household expenditure on the purchase of vehicles in Denmark is forecasted to show a steady increase from 2024 to 2028. In 2023, the actual expenditure stood at 1.00 thousand euros per capita. The forecasted figures indicate a consistent annual increase: 1.02 in 2024, 1.03 in both 2025 and 2026, 1.04 in 2027, and reaching 1.05 thousand euros per capita in 2028.
Year-on-year variation is as follows:
- 2024: +2%
- 2025: +1%
- 2026: 0%
- 2027: +1%
- 2028: +1%
Over the last two years (2023-2024), there's been a 2% increase. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1% per year.
Future trends to watch for:
- The adoption of electric vehicles as Denmark continues to push for greener alternatives.
- Potential policy changes affecting vehicle purchase incentives or taxation.
- Economic factors that might influence disposable income, thereby affecting vehicle purchase expenditure.
