In 2023, the share of new passenger car registrations in Italy for new motor vehicles stood at approximately 90.27%. Forecasts for 2024 to 2028 suggest a gradual decline, beginning at 90.21% in 2024 and decreasing to 89.98% by 2028. This indicates a consistent downward trend, with year-on-year decreases averaging around 0.06 percentage points. Over the five-year horizon, this decline is very slight, with a CAGR that is nearly flat, highlighting stability with a subtle downward trajectory.

Future trends to watch for include:

The impact of electric and alternative-fuel vehicles becoming a significant share in new registrations.
Economic factors and policy changes influencing consumer preferences and spending on passenger cars.
Technological advancements in vehicles that might shift consumer trends.