As of 2023, the production of wholesale, retail trade, and repair of motor vehicles and motorcycles in Germany stood at 85.5 billion euros. The forecasted data indicates a steady increase in this sector, from 87.1 billion euros in 2024 to 93.48 billion euros by 2028. From 2024 to 2025, the value is projected to rise by approximately 1.89%, followed by a 1.81% increase from 2025 to 2026. Subsequent annual growth rates are 1.75% and 1.68% thereafter. The compound annual growth rate (CAGR) over this five-year period is approximately 1.8%.
Trends to watch for:
- The shift towards electric vehicles and continued regulatory changes may influence market dynamics considerably.
- Technological advancements in vehicle repair through digitization and AI could alter service sectors.
- Evolving consumer preferences for sustainable and innovative vehicles will likely shape future sales trends.