The European Deflated Turnover Index for Motor Vehicles Retail in 2023 showed the highest figures in Lithuania and Romania, reflecting significant growth since 2015, when indexed to 100. In 2022, Romania saw a notable increase of 7.46%, illustrating its upward trajectory, while Bulgaria and the Czech Republic experienced declines of -4.54% and -3.48%, respectively. France and Germany maintained moderate stability, slightly increasing, while Norway showed a modest rise of 4.28%. The compounded annual growth rates suggest Lithuania and Romania have experienced consistent growth compared to other countries in the index.
Looking ahead, important trends include digital transformation, which could alter purchasing channels, and sustainability initiatives influencing vehicle types. Potential economic fluctuations may affect consumer spending, and regulatory changes related to environmental standards could reshape market dynamics. Monitoring these factors is crucial for predicting shifts in the motor vehicles retail landscape across Europe.
Top countries in Deflated Turnover Index of Motor Vehicles Retail by Country
| # | 7 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 237.4 | 2022 | View data | ||
| 2 | 2 Romania | 200.5 | 2022 | +8.55% | +7.46% | View data |
| 3 | 3 Bulgaria | 171 | 2022 | -10.47% | -4.54% | View data |
| 4 | 4 Norway | 126 | 2022 | -7.01% | +4.28% | View data |
| 5 | 5 France | 119.8 | 2022 | -2.76% | +0.49% | View data |
| 6 | 6 Germany | 111.9 | 2022 | +0.18% | +0.2% | View data |
| 7 | 7 Czech Republic | 93.3 | 2022 | -4.89% | -3.48% | View data |
