European Passenger Car Ownership by Country

Analysis of 2023 data for European Passenger Car Ownership shows Liechtenstein, Iceland, and Poland leading with over 700 cars per 1,000 inhabitants. Notable increases are seen in Greece (3.27%), Estonia (2.85%), and Croatia (4.35%). Surprisingly, Malta showed a slight decline (-0.2%). Lower ownership rates in 2023 were observed in Latvia, Montenegro, Macedonia, Bosnia and Herzegovina, Albania, and Kosovo, with the latter two also being the lowest in absolute terms.

Future trends to watch:

• Poland and Greece continuing strong growth
• Countries with smaller 2023 growth like Germany and France may experience a rebound
• Eastern Europe, notably Romania and Hungary, showing continued expansion
• Possible plateau or reduction in already high-ownership countries like Liechtenstein and Iceland