The Vehicles in Use market in Germany has experienced fluctuations over the past decade. From 2013 to 2019, the market showed steady growth, reaching 48.53 million units. An abrupt decline occurred in 2020, decreasing the value to 40.36 million units. Recovery began in 2021, with numbers rebounding to 46.29 million units and further increasing to 48.82 million units in 2022. In 2023, the value stood at 48.91 million units. The year-on-year variation in 2022 was 5.47%, while in 2023 it was only 0.19%. The average annual growth rate (CAGR) over the last five years was around 0.2%.
Looking forward, forecasts indicate a gradual increase in vehicles in use, reaching 49.25 million units by 2028. The forecasted five-year CAGR is 0.17%, with a total growth rate of 0.84% over the period from 2024 to 2028.
Future trends to watch for include the impact of electric vehicle adoption, potential regulatory changes, advancements in autonomous driving technology, and shifts in consumer preferences towards sustainable transportation options. Additionally, global economic factors and supply chain developments may also influence the market dynamics.
