The leading EU countries by sales of motor vehicles in 2024 are Germany, United Kingdom, and France, showcasing strong automotive sectors with sales valued at 174.74 billion, 158.3 billion, and 126.86 billion Euros respectively. Over the past year, Germany experienced a modest growth while the United Kingdom saw a slight decline affected by economic uncertainties. France maintained a steady performance, characteristic of its stable automotive market. Italy and Belgium, following the top three, show moderate year-on-year growth, with Italy at a slight upward trend while Belgium remains steady. Over the past five years, these countries show varying CAGR, with Germany and France exhibiting average growth, whereas the United Kingdom, Italy, and Belgium have shown more fluctuation.
Future trends to watch in the top EU countries by sales of motor vehicles include the increasing shift towards electric and hybrid vehicles, driven by stringent emission regulations and consumer demand for sustainability. Technological advancements, such as automation and connectivity, are also set to transform the market landscape. Additionally, economic stability and trade policies within the Eurozone will also influence the automotive sector's growth trajectory.
Top countries in Top EU Countries by Sales of Motor Vehicles
| # | 10 Countries | Million Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Germany | 174,740 | 2016 | |
| 2 | 2 United Kingdom | 158,300 | 2016 | |
| 3 | 3 France | 126,860 | 2016 | |
| 4 | 4 Italy | 94,410 | 2016 | |
| 5 | 5 Belgium | 74,340 | 2016 | |
| 6 | 6 Spain | 56,640 | 2016 | |
| 7 | 7 Netherlands | 50,180 | 2016 | |
| 8 | 8 Sweden | 36,410 | 2016 | |
| 9 | 9 Poland | 26,920 | 2016 | |
| 10 | 10 Austria | 24,280 | 2016 |
