Forecast: Passenger Cars Production in Italy

From 2013 to 2023, the production of passenger cars in Italy exhibited significant fluctuations, peaking in 2017 with 742.64 thousand units and steadily declining to 433.77 thousand units in 2023. The trend indicates a long-term decline with the YoY variation for the last two years being -2.11% in 2022 and -4.48% in 2023. The 5-year CAGR leading up to 2023 was -8.41%.

Future projections from 2024 to 2028 continue this downward trend, with a forecasted 5-year CAGR of -8.24%, culminating in 258.93 thousand units by 2028. This represents a significant 34.96% decrease over these five years.

Future trends to watch for include:

• Government incentives for electric vehicles that might influence production volumes.
• Global supply chain disruptions potentially impacting manufacturing.
• Shifts in consumer preferences towards sustainable and connected vehicles driving market adaptation.