In 2023, European wages and salaries in the renting and leasing of motor vehicles sector showed significant disparities among countries. The United Kingdom led with the highest wages at 1.79 billion Euros, while Bosnia and Herzegovina were at the opposite end at just 0.0055 billion Euros. Noteworthy year-on-year growths include Lithuania, Poland, and Serbia, reflecting trends of expanding automotive leasing markets. Conversely, Greece experienced a decline in this sector.
Looking ahead, key trends to monitor include technological advancements and regulatory changes in the automotive industry, which may influence wage adjustments and demand variations across European countries.
Top countries in Wages and Salaries of Renting and Leasing of Motor Vehicles by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,790 | 2023 | +1.93% | +1.79% | View data |
| 2 | 2 Germany | 1,520 | 2023 | +4.34% | +2.56% | View data |
| 3 | 3 France | 1,310 | 2023 | +4.49% | +8.97% | View data |
| 4 | 4 Spain | 681.6 | 2023 | +12.44% | +7.31% | View data |
| 5 | 5 Italy | 525.1 | 2023 | +11.46% | +6.33% | View data |
| 6 | 6 Netherlands | 373.4 | 2023 | +2.89% | +1.54% | View data |
| 7 | 7 Poland | 229.9 | 2023 | +16.52% | +11.94% | View data |
| 8 | 8 Belgium | 179.9 | 2023 | +2.45% | +5.37% | View data |
| 9 | 9 Denmark | 159.4 | 2023 | +12.81% | +11% | View data |
| 10 | 10 Portugal | 128.7 | 2023 | +9.07% | +6.92% | View data |
