The forecast for first registrations of brand new goods vehicles in Australia shows a steady increase, with values rising from 12.28 units per thousand persons in 2024 to 12.84 units per thousand persons by 2028. This represents a year-on-year growth of approximately 1.14% in 2025, 1.13% in 2026, 1.12% in 2027, and 1.10% in 2028. The compound annual growth rate (CAGR) over the last five years is around 1.12%, indicating a modest but consistent upward trend.

Future trends to watch for:

Technological advancements in goods vehicles, such as electric and autonomous trucks, which may influence future registration rates.
Changes in government policies or incentives related to commercial vehicle usage and environmental regulations.
Economic factors, including industry growth and investment in infrastructure, that could impact the demand for new goods vehicles.