The European market for passenger cars aged over 20 years showcases significant variability across countries. Poland leads with the highest count, followed by Spain and Germany. Notably, Portugal and Hungary have experienced impressive growth rates in 2023. Conversely, Luxembourg and Liechtenstein have minimal contributions, suggesting newer fleets or smaller markets.
Key trends:
- Poland's 7.14% growth highlights its increasing aging vehicle population.
- Spain saw an 8.92% increase, reflecting a possible trend towards maintaining older vehicles.
- Germany's 7.91% rise shows a moderate aging trend.
- France and Belgium experience relatively modest growth, indicative of stable fleet aging.
- Portugal and Hungary stood out with double-digit growth, signaling a significant trend towards older cars.
- Scandinavian countries like Norway demonstrate negligible changes, likely due to strong vehicle turnover policies.
Looking forward, the aging of vehicle fleets in Eastern European countries will likely continue, driven by economic factors and vehicle import patterns. Efforts towards sustainability and emission reduction may also influence these trends, particularly in Western and Scandinavian countries.
Top countries in Number of Passenger Cars Aged over 20 Years by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 12,084,000 | 2023 | +5.95% | +7.14% | View data |
| 2 | 2 Spain | 6,308,500 | 2023 | +7.62% | +8.92% | View data |
| 3 | 3 Germany | 4,050,800 | 2023 | +4.38% | +7.91% | View data |
| 4 | 4 France | 3,134,800 | 2023 | +3.63% | +3.93% | View data |
| 5 | 5 Romania | 2,150,700 | 2021 | View data | ||
| 6 | 6 Portugal | 1,621,600 | 2023 | +9.54% | +12.43% | View data |
| 7 | 7 Finland | 1,154,900 | 2023 | +4.16% | +5.71% | View data |
| 8 | 8 United Kingdom | 977,550 | 2021 | View data | ||
| 9 | 9 Hungary | 919,670 | 2023 | +10.29% | +12.62% | View data |
| 10 | 10 Netherlands | 734,160 | 2023 | +6.93% | +10.25% | View data |
