In 2023, the European wages and salaries for renting and leasing cars and light motor vehicles exhibited notable disparities across countries. The UK leads with €1.45 billion, closely followed by Germany at €1.39 billion. France saw the highest year-on-year increase of 12.66% in 2023, with Spain following at 16.75%. Other Eastern European countries like Poland and Romania recorded notable growth at 10.41% and 7.23%, respectively. Scandinavia experienced modest changes with Norway seeing a slight decline.
Future trends to watch include:
- The potential impact of green mobility initiatives, possibly increasing demand in Northern Europe.
- Economic fluctuations affecting wages and growth in Southern and Eastern Europe.
- The role of digital transformation in enhancing efficiency and potentially impacting staff costs in the sector.
Top countries in Wages and Salaries of Renting and Leasing of Cars and Light Motor Vehicles by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,450 | 2023 | +2.14% | +1.92% | View data |
| 2 | 2 Germany | 1,390 | 2023 | +4.6% | +2.76% | View data |
| 3 | 3 France | 1,110 | 2023 | +4.51% | +12.66% | View data |
| 4 | 4 Spain | 642.7 | 2023 | +12.18% | +16.75% | View data |
| 5 | 5 Italy | 471.9 | 2023 | +10.93% | +5.62% | View data |
| 6 | 6 Netherlands | 354.7 | 2023 | +3.11% | +2.34% | View data |
| 7 | 7 Poland | 170.8 | 2023 | +17.15% | +10.41% | View data |
| 8 | 8 Belgium | 167.6 | 2023 | +2.57% | +5.79% | View data |
| 9 | 9 Denmark | 144.6 | 2023 | +14.22% | +11.5% | View data |
| 10 | 10 Portugal | 112.6 | 2023 | +7.14% | +5.08% | View data |
