In 2023, the Gross Value Added (GVA) for the Wholesale, Retail, and Repair of Motor Vehicles and Motorcycles in Italy stood at a notable figure. Forecasted figures from 2024 to 2028 show a steady increase in GVA from 207.97 billion euros to 218.48 billion euros. The year-on-year growth rates from 2024 to 2028 average around 1.2%, indicating a stable market with moderate growth prospects. The compound annual growth rate (CAGR) over this five-year period stands at approximately 1.23%, reflecting consistent expansion.
Future trends to monitor include the transition to electric vehicles, which could reshape the sector's dynamics, influencing supply chains and consumer behavior. Additionally, advancements in digital retail technologies and changes in mobility patterns may offer both challenges and opportunities in the coming years.
