The turnover for the Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles sector in France is forecast to gradually decline from €180.13 billion in 2024 to €178.63 billion by 2028. This data reflects a year-on-year reduction of approximately 0.2% - 0.3%. The compound annual growth rate (CAGR) is around -0.21% from 2024 to 2028. For context, this sector stood at an actual turnover of around €180 billion in 2023.
Future trends to watch for include:
- The impact of electric vehicle adoption on traditional car sales and repair services.
- Shifts in consumer preferences towards car-sharing and other mobility services.
- Potential economic fluctuations influencing consumer spending power and market regulations.