Forecast: Household Expenditure on Vehicles Purchase in France

In 2023, household expenditure on vehicle purchases in France stood at 36.88 billion Euros. Based on the forecast data provided, the expenditure is expected to rise consistently from 2024 to 2028. In 2024, it is forecasted at 37.03 billion Euros, increasing to 37.17 billion Euros in 2025, and so on until reaching 37.59 billion Euros in 2028. From 2023 to 2024, the year-on-year growth rate is approximately 0.41%. The average annual growth (CAGR) from 2024 to 2028 is about 0.37% per year.

Future trends to watch for:

  • Technological advancements in vehicle manufacturing and the growing popularity of electric vehicles (EVs).
  • Potential economic factors such as inflation and disposable income impacting household expenditure on cars.
  • Government policies and incentives focused on promoting renewable energy transportation.
  • Changing consumer preferences towards sustainable and environmentally friendly options.
  • The impact of global economic trends and supply chain disruptions on vehicle prices and availability.

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