Passenger car registrations in Germany are expected to follow a downward trend from 2024 onwards. The volume is forecasted to decrease from 2.7324 million units in 2024 to 2.592 million units in 2028. Compared to the actual registrations in 2023, this signifies a consistent year-on-year decline:
• From 2024 to 2025: a decrease of 1.30%
• From 2025 to 2026: a decrease of 1.30%
• From 2026 to 2027: a decrease of 1.31%
• From 2027 to 2028: a decrease of 1.32%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is a decrease of 1.31% annually.
Future trends to watch for include the potential impact of economic conditions on consumer purchasing power, evolving environmental regulations, and the increasing adoption of electric and hybrid vehicles. These factors could further influence car registration volumes in the coming years.
