Passenger car ownership in France has shown a steady increase from 2013 to 2023, reaching 581 units in 2023. The year-on-year growth rate has generally been positive, with slight fluctuations, and the average annual growth rate (CAGR) over the last five years was 0.42%. Notably, between 2022 and 2023, ownership grew by 0.87%, indicating a slight acceleration in growth.
Looking ahead, forecasts suggest continued growth in passenger car ownership, with a projected increase to 605 units by 2028. The five-year CAGR is expected to be around 0.64%, reflecting a modest but consistent upward trend. This translates to an overall growth rate of approximately 3.24% over the next five years.
Future trends to watch for include potential impacts of environmental regulations, shifts toward electric vehicles, and changes in urban mobility patterns. These factors could influence car ownership rates and demand for new types of vehicles.
