European Motor Vehicles Turnover Share by Country (Million Euros)

Germany leads the European Motor Vehicles Turnover with a significant share, experiencing a stable increase of 2.7% year-on-year (YoY) in 2023. France and the United Kingdom follow, with moderate growths of 1.08% and 2.48% respectively. Spain and Sweden exhibit steady increases at 1.68% and 2.25%. Italy, however, shows a declining trend at -3.25%. Noteworthy growth is observed in the Czech Republic (4.7%) and the Netherlands (13.72%). Slovakia (3.73%), Hungary (5.72%), and Poland (3.13%) also depict positive trends. Austria and Belgium have slight increases of 2.66% and 0.7%. Romania, Portugal, and Finland show growth rates of 2.65%, 10.05%, and 2.76% respectively. Croatia, Lithuania, and Bosnia and Herzegovina show modest year-on-year increases. Serbia, Norway, and Greece, on the other hand, have negative variations, with Serbia experiencing the most significant decline at -49.72%.

Future trends to watch in the European Motor Vehicles sector include the potential for increased turnover in emerging markets such as Hungary and Portugal, propelled by an expanding automotive manufacturing base. The Netherlands and Czech Republic are also poised for growth given their high year-on-year variations. Conversely, Germany's dominance in market share may face challenges from the increasing competitiveness of other countries. Monitoring Italy, Greece, and Serbia is crucial due to their negative trends, which could impact the broader European market dynamics if continued.