In 2023, the European Turnover Index for Motor Vehicles Retail and Motorcycles Retail and Repair indicates Hungary leading with a significant value index of 27.33, followed by Poland at 21.11 and Romania at 21.1. On the lower end, Austria and France show subdued performance with values of 11.66 and 12.73 respectively. A year-on-year variation highlights notable growth for Hungary at 13.25% and Poland at 8.83%, reflecting a strong upward trajectory. Conversely, Austria saw minimal growth at 0.12%, indicating a saturation or stabilization in its market.
Future trends to watch for include:
- The impact of digital transformation and e-commerce on traditional retail channels.
- Sustainability and adoption of electric vehicles influencing market dynamics.
- Economic factors such as inflation and interest rates potentially affecting consumer spending power.
- Global supply chain issues and how they might impact market forecasts and adjustments.
Top countries in Turnover Index of Motor Vehicles Retail and Motorcycles Retail and Repair by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 273.3 | 2022 | +19.66% | +13.25% | View data |
| 2 | 2 Poland | 211.1 | 2022 | +13.43% | +8.83% | View data |
| 3 | 3 Romania | 211 | 2022 | +12.06% | +9.82% | View data |
| 4 | 4 Latvia | 179.4 | 2022 | +19.52% | +8.02% | View data |
| 5 | 5 Greece | 178.2 | 2022 | +17.08% | +9.36% | View data |
| 6 | 6 Estonia | 172.3 | 2022 | +17.21% | +6.51% | View data |
| 7 | 7 Slovakia | 165.8 | 2022 | +14.82% | +4.95% | View data |
| 8 | 8 Croatia | 162.6 | 2022 | +13.63% | +5.15% | View data |
| 9 | 9 Denmark | 153.9 | 2022 | +4.13% | +6.2% | View data |
| 10 | 10 Slovenia | 146 | 2022 | +5.8% | +1.67% | View data |
