The forecast for household expenditure on vehicle purchases in the UK, expressed as a percentage of GDP, remains stable at 2.3% from 2024 to 2025, before slightly decreasing to 2.2% from 2026 to 2028. There is no significant year-on-year variation, with a consistent trend observed across the five-year period. This suggests a stabilization in consumer spending on vehicles relative to GDP, reflecting maturity in the automotive market or economic stability.

Future trends to watch for include:

Potential growth in electric vehicle adoption, influenced by government policies and environmental concerns.
Shift in consumer preferences towards sustainable and technologically advanced vehicles.
Impact of economic factors such as interest rates and inflation on vehicle purchasing power.