The United Kingdom leads the European motor vehicle sold production in millions of items, followed by Hungary and Spain. Germany, while being a significant player, experienced a substantial year-on-year reduction in production by 14.6%, signaling potential challenges. Slovakia’s production numbers show a healthy increase, alongside Finland and Lithuania, suggesting a strengthening market presence. Contrarily, substantial declines in Poland and Romania raise concerns about market shrinkage.
Looking forward, the European motor vehicle production market may undergo further shifts due to evolving consumer preferences, regulatory changes, and economic conditions. Watch for digital innovation, electromobility advancements, and geopolitical factors affecting supply chains.
Top countries in Sold Production of Motor Vehicle by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,424,500 | 2023 | +0.17% | -0.73% | View data |
| 2 | 2 Hungary | 2,126,800 | 2023 | +2.53% | -1.32% | View data |
| 3 | 3 Spain | 1,865,000 | 2023 | +4.57% | -0.73% | View data |
| 4 | 4 Germany | 1,493,700 | 2023 | +1.53% | -14.6% | View data |
| 5 | 5 Slovakia | 1,004,300 | 2023 | +4.39% | +6.56% | View data |
| 6 | 6 Czechia | 820,870 | 2021 | |||
| 7 | 7 Italy | 714,330 | 2023 | +7.7% | -7.53% | View data |
| 8 | 8 Poland | 584,940 | 2023 | -6.7% | -16.18% | View data |
| 9 | 9 Finland | 40,170 | 2023 | +8.5% | +11.02% | View data |
| 10 | 10 France | 22,280 | 2021 | -98.8% | -62.65% | View data |
