The European Deflated Turnover Index for motor vehicles, motorcycles wholesale, retail, and repair reveals that Lithuania, Hungary, and Romania lead in 2024, with respective indexes of 21.66, 20.85, and 18.41. These readings indicate significant growth, especially in Lithuania, which saw a 9.39% hike in 2022 alone. Conversely, countries like Austria and Czech Republic experienced declines, reporting -3.36% and -2.57% changes, respectively, during the same year. Over the past five years, Lithuania's compound annual growth rate suggests marked advancement compared to Western European nations like Germany and France.
Future trends to watch include:
- Potential Eastern European market expansions in motor vehicle industries.
- The impact of digital transformation and electric vehicle adoption on turnover rates.
- Economic influences from EU fiscal policies, especially in Central and Eastern Europe.
- Environmental regulations possibly affecting both production and sales in the sector.
Top countries in Deflated Turnover Index of Motor Vehicles, Motorcycles Wholesale, Retail and Repair by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 216.6 | 2022 | +9.5% | +9.39% | View data |
| 2 | 2 Hungary | 208.5 | 2022 | +3.94% | View data | |
| 3 | 3 Romania | 184.1 | 2022 | +6.79% | +6.73% | View data |
| 4 | 4 Bulgaria | 162.1 | 2022 | -7.16% | -1.94% | View data |
| 5 | 5 Latvia | 158 | 2022 | +9.72% | +5.8% | View data |
| 6 | 6 Estonia | 157.3 | 2022 | View data | ||
| 7 | 7 Slovakia | 149.2 | 2022 | +7.88% | +2.43% | View data |
| 8 | 8 Slovenia | 142.5 | 2022 | -3.98% | +0.34% | View data |
| 9 | 9 Malta | 126.7 | 2022 | +14.04% | +2.32% | View data |
| 10 | 10 Norway | 120.9 | 2022 | -5.99% | +3.42% | View data |
