In 2023, Germany led the European production volumes for the wholesale, retail trade, and repair of motor vehicles and motorcycles, with a substantial value of €78.36 billion, followed by Italy at €46.13 billion. Belgium, Austria, and Greece contributed significantly less, while Slovenia, Estonia, and Luxembourg had the lowest volumes. Year-on-year changes noted in 2023 showed slight growth for all countries, except Luxembourg, which experienced a decline. Estonia highlighted the highest growth rate, reflecting strong potential in this sector. Over the past five years, countries generally maintained steady growth, depicting a consistent upward trend in the industry.
Looking ahead, technological advancements and an increasing focus on sustainability will play critical roles. Watch for shifts in consumer preferences towards electric vehicles, regulatory changes, and potential supply chain adjustments, which may influence production volumes across Europe.
Top countries in Production Volumes of Wholesale, Retail Trade and Repair of Motor Vehicles and Motorcycles by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 78,360 | 2023 | +1.3% | +1.55% | View data |
| 2 | 2 Italy | 46,130 | 2023 | +1.01% | +1.87% | View data |
| 3 | 3 Belgium | 15,320 | 2023 | +1.06% | +1.21% | View data |
| 4 | 4 Austria | 10,240 | 2023 | +0.98% | +1.09% | View data |
| 5 | 5 Greece | 3,900 | 2023 | +0.34% | +1.67% | View data |
| 6 | 6 Slovenia | 1,390 | 2023 | +2.06% | +1.81% | View data |
| 7 | 7 Estonia | 854.68 | 2023 | +2.34% | +2.28% | View data |
| 8 | 8 Luxembourg | 540.56 | 2023 | -1.75% | -1.96% | View data |
