The European turnover index for motor vehicles and motorcycles retail and repair indicates Hungary leading with a 2023 value standing at 27.33. Poland and Romania follow, showcasing growth with values at 21.11 and 21.03. On the lower end, Austria trails at 11.68. The year 2022 saw significant year-on-year variations, with Hungary witnessing the largest increase at 13.25%, while Austria recorded minimal growth at 0.26%. Over the past five years, the compound annual growth rate (CAGR) accentuates pivotal growth trends across these nations.
Future trends to watch:
- Growing demand influenced by technological advancements in vehicle manufacturing.
- Sustainability and green vehicle impact on retail dynamics.
- Economic factors affecting consumer purchasing power.
- Policy shifts towards electric vehicles and their impact on traditional vehicle sales.
Top countries in Turnover Index of Motor Vehicles Retail and Motorcycles Retail and Repair by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 273.3 | 2022 | +19.66% | +13.25% | View data |
| 2 | 2 Poland | 211.1 | 2022 | +12.71% | +8.83% | View data |
| 3 | 3 Romania | 210.3 | 2022 | +11.92% | +9.91% | View data |
| 4 | 4 Latvia | 181 | 2022 | +19.87% | +8.14% | View data |
| 5 | 5 Greece | 178 | 2022 | +15.81% | +9.32% | View data |
| 6 | 6 Estonia | 172.3 | 2022 | +17.21% | +6.51% | View data |
| 7 | 7 Slovakia | 165.3 | 2022 | +14.08% | +5% | View data |
| 8 | 8 Croatia | 162.1 | 2022 | +12.65% | +5.12% | View data |
| 9 | 9 Denmark | 154.5 | 2022 | +3.83% | +6.25% | View data |
| 10 | 10 Cyprus | 145.1 | 2022 | +14.61% | +4.17% | View data |
