European Automotive Turnover Index by Country

Lithuania leads with the most significant turnover index growth at 33.56, followed by Romania and Poland, indicating strong sector momentum. In 2022, Lithuania experienced a staggering 19.73% increase year-on-year, while Romania and Poland also observed robust growth, over 7%. Conversely, Ireland noted an 8.11% decline, reflecting a struggling market. Central and Eastern European markets generally showcased higher growth rates compared to Western economies, witnessing considerably subdued growth or slight declines, as seen in France and Spain. Germany's growth remains conservative at 0.66%, but consistent. Over the past five years, these trends suggest varied but stable annual growth across Europe.

Future trends in the European Automotive Turnover Index predict a potential resurgence as countries focus on sustainability, electric vehicle adaptation, and technology integration. Eastern Europe represents high growth potential due to increasing investments. Watch for policy shifts and economic developments influencing consumer demand across these regions.