In 2024, the number of enterprises in the sale of motor vehicles sector in Germany is forecasted at 41.55 thousand. This represents an increase from the actual figures of 2023. By 2028, the number is expected to rise to 44.25 thousand, indicating a steady upward trend. The annual growth rate between 2024 and 2028 is approximately 1.57% year-on-year, leading to a cumulative average growth rate (CAGR) of 1.57% over this period.
Future trends to watch:
- Technological advancements in sales platforms and the integration of digital services.
- Changes in consumer preferences towards electric and hybrid vehicles.
- Regulatory changes affecting vehicle emissions and sales.
- Potential economic fluctuations influencing consumer purchasing power.