Forecast: Number of Registered Cars in France

The number of registered cars in France has shown a steady increase from 2013 to 2023, growing from 33.839 million to 37.313 million, reflecting an annual average increase, or CAGR of 0.9%. Notable year-on-year variations include a significant growth of 3.11% in 2017, likely due to post-economic recovery or incentives, while a minor decline was observed in 2018. The last two years have displayed smaller growth rates of 0.9% in 2022 and 0.88% in 2023.

Future trends to watch:

• The forecasted data from 2024 to 2028 indicates a continued steady increase, with a 5-year CAGR of 0.66%, projecting the number of registered cars to reach approximately 38.89 million by 2028.
• Factors such as advancements in electric vehicles, regulatory changes, and economic shifts will likely influence future trends.
• Sustainability initiatives and urbanization might affect ownership patterns, potentially slowing traditional car registrations while boosting car-sharing and public transportation options.