In 2023, Germany led the European wages and salaries in the motor vehicles and motorcycles wholesale, retail trade, and repair sector at 186.34 billion euros. Italy and Spain followed with 62.62 and 60.09 billion euros, respectively. Smaller markets like Estonia and Latvia were at the lower spectrum with values below 2 billion euros. Year-on-year growth from 2022 to 2023 shows Slovakia, Lithuania, and Estonia with the highest increases, over 3%, indicating strong growth in these markets.
Looking forward, potential trends could include further growth in emerging markets, influenced by technological advances and increased demand for electric vehicles. Moreover, Germany and Italy might continue to see robust changes, driven by industry innovation and export dynamics.
Top countries in Wages and Salaries in Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 186,340 | 2023 | +1.92% | +2.33% | View data |
| 2 | 2 Italy | 62,620 | 2023 | +1.73% | +1.82% | View data |
| 3 | 3 Spain | 60,090 | 2023 | +1.36% | +1.39% | View data |
| 4 | 4 Netherlands | 40,760 | 2023 | +1.55% | +1.46% | View data |
| 5 | 5 Belgium | 23,300 | 2023 | +1.59% | +1.84% | View data |
| 6 | 6 Austria | 21,700 | 2023 | +1.87% | +1.83% | View data |
| 7 | 7 Ireland | 11,030 | 2023 | +2.4% | +2.9% | View data |
| 8 | 8 Portugal | 10,840 | 2023 | +1.6% | +1.47% | View data |
| 9 | 9 Finland | 10,030 | 2023 | +1.35% | +1.36% | View data |
| 10 | 10 Greece | 6,860 | 2023 | -0.18% | +0.017% | View data |
