In 2023, Germany leads European household expenditure on vehicle purchases with 79.72 billion euros, growing by 0.083% year-on-year. France follows at 36.89 billion euros, but experienced a decline of 3.46%. Spain and the Netherlands saw minor fluctuations with -0.99% and 2.05% respectively. Smaller markets like Greece, Slovenia, and Lithuania showed notable growth, with the latter up by 11.51%. Countries like Belgium, Croatia, and Slovakia faced declines, with Slovakia down by 4.55%. Each country exhibits varied annual growth rates, with long-term trends highlighting economic resilience or challenges.
Looking ahead, key trends to watch include potential recovery in declining markets and the impact of economic policies on vehicle purchases. Growth in electric vehicle uptake, driven by environmental policies and incentives, could alter expenditure patterns across Europe. Monitoring these changes will be essential for understanding long-term shifts in household spending behaviors in the automotive sector.
Top countries in Household Expenditure on Vehicles Purchase by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 79,720 | 2023 | +1.2% | +0.083% | View data |
| 2 | 2 France | 36,890 | 2023 | +0.4% | -3.46% | View data |
| 3 | 3 Spain | 23,540 | 2023 | +2.53% | -0.99% | View data |
| 4 | 4 Netherlands | 12,300 | 2023 | +1.25% | +2.05% | View data |
| 5 | 5 Portugal | 7,120 | 2023 | +1.89% | +0.7% | View data |
| 6 | 6 Belgium | 5,860 | 2023 | +1.23% | -3.61% | View data |
| 7 | 7 Greece | 5,350 | 2023 | +0.41% | +8.21% | View data |
| 8 | 8 Slovenia | 1,650 | 2023 | +0.57% | +6.44% | View data |
| 9 | 9 Lithuania | 1,600 | 2023 | +8.09% | +11.51% | View data |
| 10 | 10 Croatia | 763.84 | 2023 | +1.34% | -2.64% | View data |
