In 2023, Hungary led the European Turnover Index for motor vehicles and motorcycle industries with a value of 27.33, showing a significant year-on-year growth of 13.25% since 2022. Lithuania, Serbia, Poland, and Romania also demonstrated double-digit growth, underscoring robust market dynamics in Eastern Europe. Conversely, Western European countries like Germany, France, and Italy had more modest growth, indicating market maturity and potential saturation. Among all, Macedonia observed a decrease, reflecting local challenges.
Future trends to watch include the increasing emphasis on electric vehicles across Europe, affecting turnover patterns. Additionally, regulatory pressures on carbon emissions are expected to drive innovations and shifts in market shares among countries. Economic fluctuations, technological advancements, and political factors will shape the trajectory of these indices in the European motor vehicle and motorcycle sectors.
Top countries in Turnover Index of Motor Vehicles, Motorcycles Wholesale, Retail and Repair by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 273.3 | 2022 | +19.66% | +13.25% | View data |
| 2 | 2 Lithuania | 245 | 2022 | +23.67% | +12.46% | View data |
| 3 | 3 Serbia | 230.4 | 2022 | +22.88% | +10.89% | View data |
| 4 | 4 Poland | 211.1 | 2022 | +12.71% | +9.32% | View data |
| 5 | 5 Romania | 210.3 | 2022 | +11.86% | +9.91% | View data |
| 6 | 6 Latvia | 180.1 | 2022 | +19.59% | +8.08% | View data |
| 7 | 7 Greece | 178 | 2022 | +15.81% | +9.32% | View data |
| 8 | 8 Bosnia and Herzegovina | 176.7 | 2022 | +13.49% | +8.63% | View data |
| 9 | 9 Montenegro | 174.4 | 2022 | +23.25% | +10.66% | View data |
| 10 | 10 Estonia | 172.3 | 2022 | +17.21% | +6.51% | View data |
