Between 2013 and 2023, the number of passenger cars in France generally saw small year-on-year variations, peaking in 2013 at 32.858 million and then stabilizing around the 32 million mark. The most notable dip occurred in 2020 at 26.605 million cars, likely due to the COVID-19 pandemic. However, the market rebounded significantly by 2022, reaching 32.060 million. By 2023, the number of cars stood at 32.064 million.
Year-on-year variations over 2022 and 2023 were 5.27% and 0.01%, respectively. The 5-year CAGR was around 0.019%, indicating overall stability in market size but with very minimal annual growth.
Looking ahead, the forecast suggests a stable number of passenger cars, with a negligible forecasted growth rate and a modest 5-year forecast CAGR of 0.02%. This points to a stagnation in market growth, but without significant declines.
Future trends to watch for:
- Impact of electric vehicle adoption on the overall passenger car market.
- Government policies promoting or discouraging car ownership.
- Societal shifts towards car-sharing and other mobility solutions.
