In 2023, Germany leads in the European motor vehicle and motorcycle production volume, wholesale, retail trade, and repair, with a value of 551.89 billion euros, closely followed by France and Italy. Positive year-on-year growth is observed in most countries, with Luxembourg, Latvia, and Estonia experiencing the highest growth. Greece, however, showed a decline in its market. Over the past five years, the compound annual growth rate (CAGR) indicated consistent growth across these markets, driven by technological advancements and an increasing focus on sustainable transportation solutions.
Future trends to watch include:
- The transition towards electric vehicles gaining momentum, especially in leading markets such as Germany and France.
- A focus on infrastructure enhancements to support the EV ecosystem throughout Europe.
- Potential new regulations and policies impacting production processes and trade dynamics across the continent.
Top countries in Production Volumes of Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 551,890 | 2023 | +1.34% | +1.53% | View data |
| 2 | 2 France | 471,420 | 2023 | +1.35% | +1.39% | View data |
| 3 | 3 Italy | 376,060 | 2023 | +0.9% | +1.07% | View data |
| 4 | 4 Netherlands | 182,070 | 2023 | +1.65% | +1.67% | View data |
| 5 | 5 Belgium | 94,150 | 2023 | +0.41% | +0.66% | View data |
| 6 | 6 Austria | 71,720 | 2023 | +0.91% | +0.93% | View data |
| 7 | 7 Finland | 35,530 | 2023 | +0.73% | +0.7% | View data |
| 8 | 8 Greece | 34,190 | 2023 | -0.75% | -0.8% | View data |
| 9 | 9 Luxembourg | 13,860 | 2023 | +1.14% | +1.83% | View data |
| 10 | 10 Slovenia | 9,320 | 2023 | +1.47% | +1.29% | View data |
