The forecast for first registrations of new road vehicles in the UK from 2024 to 2028 indicates a declining trend, with units per thousand USD GDP dropping consistently year on year. Compared to the previous year, there is a projected decrease of 1.3% in 2025 and 2026, stagnation in 2027, and a decrease of 1.3% in 2028. Notably, this steady decline reflects a compound annual growth rate (CAGR) decline over the five-year period.
Future trends to watch for include the impact of emerging technology on vehicle sales, the influence of regulatory changes (particularly around emissions), and shifts in consumer preferences toward electric and autonomous vehicles. Monitoring GDP growth will also be essential as it affects the value denominator in this metric.
