The motor vehicles, motorcycles wholesale, retail, and repair output in Finland showed a positive yet fluctuating trend over the past decade. From 2013 to 2023, the output grew from €5.14 billion to €6.61 billion. The industry peaked in 2021 with an 8.17% year-on-year increase to €6.71 billion. There were slight declines in 2020 and 2022, but the sector rebounded by 2023 with a modest 1.69% growth. Over the last five years, the compound annual growth rate (CAGR) stood at 1.24%, indicating steady but moderate growth.

Future trends to watch for:

With an estimated CAGR of 1.23% for the next five years, the forecast suggests that the industry will continue to experience modest growth, reaching €7.14 billion by 2028.
Technological advancements in electric vehicles (EVs) and increasing consumer demand for sustainable options could drive significant shifts in market dynamics.
Monitoring regulatory changes and economic conditions will be crucial, as these factors can heavily influence market performance.