As of 2024, Germany's motor vehicles and motorcycles wholesale, retail trade, and repair sectors are anticipated to grow from 607.42 billion Euros to 654.01 billion Euros by 2028. This forecast reflects consistent annual growth, with percentages fluctuating slightly around a 2% mark. In 2023, the sector was positioned lower, emphasizing the industry's positive trajectory. The Compound Annual Growth Rate (CAGR) over five years is approximately 2%.
Future trends to watch:
- Electrification of vehicles potentially influencing production and retail dynamics.
- Technological advancements in the auto industry impacting repair services.
- Regulatory changes driven by environmental concerns affecting market conditions.