The new vehicle registrations in Finland have shown immense growth from 117.37 thousand units in 2013 to 276.46 thousand units in 2023. Year-on-year variations have been volatile, with notable surges such as a 71.39% increase in 2020. Over the last five years, the compound annual growth rate (CAGR) stood at 11.14%. From 2024 onwards, the growth trajectory is forecasted to be robust, with a 5-year CAGR of 6.07%, culminating in 406.98 thousand units by 2028, representing an overall 34.28% increase from 2023.

Future trends to watch for include:

A continued rise in electric and hybrid vehicle registrations due to increasing environmental regulations and incentives.
Technological advancements and innovations in the automotive industry, driving consumer interest in new vehicle models.
Economic factors, including consumers' disposable income and purchasing power, influencing new vehicle demand.