The analysis of European household expenditure on vehicle purchases reveals that in 2023, Germany dominated the market with the highest share, standing at 45.23 million Euros. France followed behind with 20.93 million Euros, and Spain at 13.36 million Euros. Notable year-on-year variations include a slight growth in Germany (0.083), while France and Belgium experienced declines of -3.46% and -3.61% respectively. Lithuania displayed a significant growth rate of 11.51%, indicating a rising trend in vehicle purchases. Smaller markets like Slovenia and Estonia also saw positive trends with 6.44% and 3.02% growth, while Slovakia and Croatia faced declines of -4.55% and -2.64% respectively.
Future trends to watch include the potential for further increases in countries showing recent growth, such as Greece and Lithuania. Conversely, continued declines in countries like France and Belgium could reshape market dynamics. Attention should also be given to the impact of economic and policy changes on consumer spending across different European regions.
Top countries in Household Expenditure on Vehicles Purchase Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45.23 | 2023 | +1.2% | +0.083% | View data |
| 2 | 2 France | 20.93 | 2023 | +0.4% | -3.46% | View data |
| 3 | 3 Spain | 13.36 | 2023 | +2.53% | -0.99% | View data |
| 4 | 4 Netherlands | 6.98 | 2023 | +1.25% | +2.05% | View data |
| 5 | 5 Portugal | 4.04 | 2023 | +1.89% | +0.7% | View data |
| 6 | 6 Belgium | 3.33 | 2023 | +1.23% | -3.61% | View data |
| 7 | 7 Greece | 3.03 | 2023 | +0.41% | +8.21% | View data |
| 8 | 8 Slovenia | 0.94 | 2023 | +0.57% | +6.44% | View data |
| 9 | 9 Lithuania | 0.91 | 2023 | +8.09% | +11.51% | View data |
| 10 | 10 Croatia | 0.43 | 2023 | +1.34% | -2.64% | View data |
