The European Purchase of Vehicles Harmonized Index of Consumer Prices (HICP) reveals significant variation across countries in 2023. The Czech Republic leads with the highest index, followed by Belgium and Macedonia. Over the past year, most European countries witnessed growth in vehicle purchase prices, with notable increases in the Czech Republic and Ireland. Conversely, Montenegro, Albania, and Bulgaria experienced minimal or negative growth. Over the past five years, a consistent upward trend is noticeable, indicating a steady increase in vehicle purchase prices across Europe, albeit at varying rates influenced by local economic factors.
Future trends to watch include:
- Potential impact of emerging electric vehicle markets in Western European countries.
- Influence of regulatory changes pertaining to vehicle emissions and taxation on HICP.
- Effect of inflationary pressures and economic fluctuations, particularly in Eastern European economies.
Top countries in Purchase of Vehicles HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 137.5 | 2022 | +12.89% | +5.5% | View data |
| 2 | 2 Belgium | 123.9 | 2022 | +7.96% | +3.38% | View data |
| 3 | 3 Macedonia | 123.65 | 2022 | +8.12% | +3.7% | View data |
| 4 | 4 Hungary | 122.97 | 2022 | +14.02% | +3.8% | View data |
| 5 | 5 Germany | 122.7 | 2022 | +8.68% | +3.58% | View data |
| 6 | 6 Austria | 120.75 | 2022 | +13.69% | +3.91% | View data |
| 7 | 7 Netherlands | 120.13 | 2022 | +8.14% | +2.94% | View data |
| 8 | 8 Portugal | 120.05 | 2022 | +6.61% | +3.12% | View data |
| 9 | 9 Sweden | 117.59 | 2022 | +7.5% | +3.13% | View data |
| 10 | 10 Norway | 117 | 2022 | +4.19% | +2.38% | View data |
