Forecast: Household Expenditure on Purchase of Vehicles in Italy

The forecast for household expenditure on vehicle purchases in Italy indicates a steady decline from 1.4% of GDP in 2024, decreasing each year to stabilize at 1.1% by 2027 and 2028. This represents a consistent downward trend. From 2024 to 2026, each year shows a decrease of approximately 7.1%, followed by a stabilization in 2027 and 2028 with no change.

Future trends to watch:

• The impact of increasing interest rates on vehicle loans, potentially decreasing consumer purchases.
• The growth in electric vehicle adoption, shifting consumer preferences.
• How economic recovery post-2023 may influence discretionary spending.