In 2024, Russia leads the global number of passenger cars at most 2 years old, followed by Germany and France. Over the past two years, significant increases are noted in Hungary and Poland, while Romania and Croatia experience declines. Russia recorded a growth of 3.3% in the last year, reflecting economic resilience among major markets.
The five-year CAGR highlights robust expansion in Eastern Europe, particularly Lithuania and Latvia, showcasing increased new car purchases. In contrast, Western Europe's passenger car volume sees modest growth or declines, influenced by economic conditions and potential shifts towards sustainable mobility.
Future growth trends will depend on evolving consumer preferences towards electric and hybrid vehicles, government incentives, and recovery from global supply chain disruptions impacting new car availability across markets. Monitoring these factors will be crucial for market stakeholders. Sustainability and technology adoption remain key influencers in shaping the passenger car landscape globally.
Top countries in Number of Passenger Cars at Most 2 Years Old by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 10,176,000 | 2023 | +3.51% | +3.3% | View data |
| 2 | 2 Germany | 6,487,300 | 2023 | +0.5% | +0.36% | View data |
| 3 | 3 France | 4,423,800 | 2023 | +0.29% | -0.091% | View data |
| 4 | 4 Italy | 4,075,200 | 2023 | +0.67% | +0.11% | View data |
| 5 | 5 Spain | 2,351,800 | 2023 | -0.22% | -1.01% | View data |
| 6 | 6 Poland | 1,476,900 | 2023 | +2.91% | +2.48% | View data |
| 7 | 7 Netherlands | 1,386,700 | 2023 | +1.36% | +1.59% | View data |
| 8 | 8 Belgium | 1,359,800 | 2023 | +0.5% | +0.082% | View data |
| 9 | 9 Sweden | 1,041,500 | 2023 | +1.87% | +2.14% | View data |
| 10 | 10 Austria | 930,160 | 2023 | +0.37% | +0.024% | View data |
