The motor vehicle sales sector in France saw varied fluctuations from 2013 to 2023, peaking in 2019 and experiencing a significant dip in 2020 due to external factors likely tied to the pandemic. While there was a bounce back in 2021 and 2022, the year-on-year growth rate stabilized at 3.17% in 2023. The sector stood at a value of 146.69 billion Euros in 2023.
Over the last five years, the sector demonstrated a compounded annual growth rate (CAGR) of 1.7%. Looking ahead, the forecasted data suggests a moderate growth rate with a future 5-year CAGR of 0.79%, culminating in a value of 154.12 billion Euros in 2028, reflecting a 3.99% growth.
Future trends to watch for:
- Technological advancements in electric and autonomous vehicles.
- Shifts in consumer behavior towards sustainable mobility.
- Potential economic and regulatory impacts on the automotive industry.
- Continued effects of global supply chain disruptions.
