The data for 2023 indicates that Italy and Russia lead in the number of passenger cars between 10 and 20 years old, with Italy showing a notable 3% year-on-year increase. Poland is seeing the largest growth among significant markets, with a 5.27% increase. Moldova, despite having a smaller market, experienced the highest year-on-year growth at 11.51%. Western European countries such as Norway and Switzerland witnessed slight declines in this age category. Overall, most markets in Europe are showing modest year-on-year growth rates, except for a few outliers.
Looking ahead, the European market for older passenger cars will likely experience a shift due to advancements in automotive technology, stricter emission regulations, and increasing interest in electric vehicles. As such, growth in this segment might stabilize or decline in countries heavily investing in greener transportation options. Watch for Eastern European countries where car longevity remains prioritized due to economic factors.
Top countries in Number of Passenger Cars Between 10 and 20 Years Old by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 25,470,000 | 2023 | +2.76% | +3% | View data |
| 2 | 2 Russia | 24,066,000 | 2023 | +1.22% | +1.23% | View data |
| 3 | 3 Germany | 15,934,000 | 2023 | +0.5% | +0.58% | View data |
| 4 | 4 Poland | 12,458,000 | 2023 | +4.67% | +5.27% | View data |
| 5 | 5 Spain | 11,670,000 | 2023 | +1.26% | +1.33% | View data |
| 6 | 6 France | 11,088,000 | 2023 | +0.53% | +0.64% | View data |
| 7 | 7 Romania | 4,666,200 | 2023 | +2.86% | +4.53% | View data |
| 8 | 8 Czech Republic | 3,775,400 | 2023 | +1.58% | +1.46% | View data |
| 9 | 9 Netherlands | 3,224,900 | 2023 | +1.15% | +1.13% | View data |
| 10 | 10 Portugal | 2,559,200 | 2023 | +0.99% | +0.57% | View data |
