Forecast: Passenger Cars in Use in Sweden

Between 2013 and 2019, the passenger cars in use in Sweden showed a steady year-on-year growth, with minor annual increases averaging between 0.22% and 2%. There was a significant dip in 2020 with a 16.46% decrease, likely due to the global pandemic, but rebounded strongly in 2021 by 15.19%. The growth stabilized to 5.91% in 2022 and saw a modest increase of 0.6% in 2023, standing at 4.9 million units.

Looking forward, there is a forecast of gradual growth for passenger cars in use from 4.91 million in 2024 to 5.04 million by 2028. The 5-year CAGR from 2023 to 2028 is expected to average at 0.5%, signaling a slower but steady growth trajectory.

Future trends to watch for:

• Impact of emerging electric and autonomous vehicle technologies on car ownership patterns.
• Government policies and regulations regarding emissions and sustainable transport.
• Potential economic shifts influencing consumer purchasing power and car market dynamics.