The forecasted data for road motor vehicle ownership in Germany from 2024 to 2028 shows a steady increase in units per thousand persons. In 2023, ownership stood at 705.0. Comparing year-on-year changes, we see a minor increase of approximately 0.28% in 2024, 0.29% in 2025, 0.27% in 2026, 0.26% in 2027, and 0.25% in 2028. Over the last five years, the compound annual growth rate (CAGR) is around 0.27%, indicating consistent, albeit modest growth in vehicle ownership.
Future trends to watch for:
- The impact of environmental regulations and initiatives on vehicle ownership.
- The adoption and influence of electric and alternative fuel vehicles.
- The potential rise of shared mobility and its effect on personal vehicle ownership.