The European Deflated Turnover Index for Motor Vehicles Maintenance and Repair reveals diverse trends across countries. In 2023, Romania led with the highest index value, surpassing Lithuania and Latvia, which also demonstrated strong performance. France, Norway, and Germany exhibited moderate growth, contrasting with Czech Republic and Bulgaria, which experienced declines. Romania, Lithuania, and Latvia showed significant year-on-year growth from 2022, while Bulgaria recorded a notable decrease. The compound annual growth rates over the last five years suggest steady growth in Romania, Lithuania, and Latvia, while other nations like Germany and Bulgaria experienced contractions.
Future trends to watch include:
- The ongoing recovery and growth momentum in Eastern European countries like Romania and Lithuania, suggesting expanding markets.
- The stabilization of Western European markets such as France and Germany, potentially facing challenges from environmental regulations and shifts to electric vehicles.
- Potential disruptions from technological advancements and evolving consumer behaviors impacting the industry landscape.
Top countries in Deflated Turnover Index of Motor Vehicles Maintenance and Repair by Country
| # | 8 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 178.6 | 2022 | +1.71% | +3.05% | View data |
| 2 | 2 Lithuania | 173.7 | 2022 | +8.49% | +9.04% | View data |
| 3 | 3 Latvia | 136.1 | 2022 | +7.08% | +3.83% | View data |
| 4 | 4 France | 117.9 | 2022 | +2.08% | +1.79% | View data |
| 5 | 5 Norway | 111.2 | 2022 | -6.16% | +0.36% | View data |
| 6 | 6 Germany | 103.2 | 2022 | -1.71% | -0.38% | View data |
| 7 | 7 Czech Republic | 97.5 | 2022 | -2.5% | -2.47% | View data |
| 8 | 8 Bulgaria | 87.2 | 2022 | -26.85% | -10.98% | View data |
