Germany leads with a significant share, followed by the United Kingdom and France. Italy and Spain contribute notably but face slight declines. Eastern European countries like Poland and Romania show strong growth potential. Sweden and Greece also exhibit robust year-on-year increases. Conversely, more mature markets such as France, Belgium, and Ireland experience declines.
Future trends to watch include potential growth in Eastern Europe and the Nordic countries, driven by economic convergence and increased purchasing power. Also, sustainability and technological advancements may influence vehicle purchase behaviors across Europe.
Top countries in Household Expenditure on Purchase of Vehicles Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.09 | 2023 | +2.52% | +0.34% | View data |
| 2 | 2 United Kingdom | 18.7 | 2023 | +0.97% | +1.71% | View data |
| 3 | 3 France | 11.12 | 2023 | +1.5% | -3.25% | View data |
| 4 | 4 Italy | 8.59 | 2023 | +0.4% | -3.62% | View data |
| 5 | 5 Spain | 7.02 | 2023 | +2.47% | -1% | View data |
| 6 | 6 Poland | 5.16 | 2023 | -1.93% | +2.73% | View data |
| 7 | 7 Netherlands | 3.68 | 2023 | +1.58% | +2.12% | View data |
| 8 | 8 Sweden | 3.07 | 2023 | +2.75% | +7.34% | View data |
| 9 | 9 Norway | 2.46 | 2023 | +1.38% | +0.033% | View data |
| 10 | 10 Portugal | 2.1 | 2023 | +0.84% | +0.49% | View data |
