In 2023, the turnover in the sale of motor vehicles sector in Austria stood at 31.25 billion Euros. Starting from 2024, the forecasted turnover shows a steady growth: 31.93 billion Euros in 2024, 32.65 billion Euros in 2025, 33.36 billion Euros in 2026, 34.06 billion Euros in 2027, and 34.76 billion Euros in 2028. This yields a year-on-year growth as follows:
- 2024: +2.18%
- 2025: +2.26%
- 2026: +2.18%
- 2027: +2.10%
- 2028: +2.06%
The compound annual growth rate (CAGR) for the period 2024-2028 is approximately 2.15%, reflecting a consistent upward trend in turnover.
Future trends to watch for in this sector include the increasing adoption of electric vehicles, potential governmental policy changes promoting green energy, and advancements in automotive technology which may further drive sales growth in the coming years.
