In 2023, Germany led the European Value Added of Motor Vehicles and Motorcycles Wholesale, Retail Trade, and Repair with 26.59 million euros, followed by France (18.72 million) and Italy (16.46 million). Other significant players included Spain and the Netherlands. Year-on-year growth showed a positive trend, with Germany, France, Italy, and the Netherlands seeing increases of around 2%. Notably, Ireland (3.04%), Slovakia (3.21%), and Estonia (2.77%) demonstrated robust growth, while Greece experienced a slight decline at -0.58%. Over the past five years, stable growth was observed across major markets.
Future trends to watch include:
- Technological advancements improving efficiency in vehicle trading and repairs.
- The transition to eco-friendly vehicles potentially redefining market dynamics.
- Regulatory changes impacting trade and repair practices across Europe.
- Increased digitalization within the wholesale and retail sectors.
Top countries in Value Added of Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26.59 | 2023 | +1.86% | +2.17% | View data |
| 2 | 2 France | 18.72 | 2023 | +1.32% | +1.68% | View data |
| 3 | 3 Italy | 16.46 | 2023 | +1.43% | +1.92% | View data |
| 4 | 4 Spain | 12.27 | 2023 | +1.83% | +1.86% | View data |
| 5 | 5 Netherlands | 8.28 | 2023 | +1.91% | +1.86% | View data |
| 6 | 6 Belgium | 4.08 | 2023 | +1.41% | +1.48% | View data |
| 7 | 7 Austria | 3.4 | 2023 | +1.44% | +1.37% | View data |
| 8 | 8 Ireland | 2.22 | 2023 | +2.6% | +3.04% | View data |
| 9 | 9 Portugal | 2.07 | 2023 | +1.39% | +1.33% | View data |
| 10 | 10 Finland | 1.53 | 2023 | +1.24% | +1.27% | View data |
