The European Deflated Turnover Index for Motor Vehicles Maintenance and Repair indicates varied growth patterns across countries. In 2023, Romania leads with an index value of 17.7, followed closely by Lithuania at 17.4, and Latvia at 13.71. France maintains moderate growth at 11.87, while Norway and Germany show slower increments, with values at 11.2 and 10.38 respectively. Czech Republic records 9.82, whereas Bulgaria experiences a decline, standing at 8.71.
The year-on-year growth in 2022 sees notable increases in Lithuania (9.04%) and positive albeit smaller gains in Romania (3.09%) and Latvia (3.91%). Bulgaria reported a significant decline of 11.16%, with Germany and Czech Republic seeing slight decreases of 0.21% and 2.31% respectively, indicating varying market dynamics.
Future trends to watch include technological advancements in vehicle maintenance, regulatory shifts, and economic factors influencing consumer spending. The increasing adoption of electric vehicles may also play a role in shaping the demand for maintenance services across European markets, particularly in countries with stronger infrastructure support.
Top countries in Deflated Turnover Index of Motor Vehicles Maintenance and Repair by Country
| # | 8 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 177 | 2022 | +1.55% | +3.09% | View data |
| 2 | 2 Lithuania | 174 | 2022 | +8.21% | +9.04% | View data |
| 3 | 3 Latvia | 137.1 | 2022 | +7.45% | +3.91% | View data |
| 4 | 4 France | 118.7 | 2022 | +2.15% | +1.91% | View data |
| 5 | 5 Norway | 112 | 2022 | -5.8% | +0.82% | View data |
| 6 | 6 Germany | 103.8 | 2022 | -1.98% | -0.21% | View data |
| 7 | 7 Czech Republic | 98.2 | 2022 | -2.58% | -2.31% | View data |
| 8 | 8 Bulgaria | 87.1 | 2022 | -27.23% | -11.16% | View data |
