In 2023, Germany led in the number of passenger cars aged 2 to 5 years in Europe, with 9.7464 million units. Italy and France followed closely. Poland showed the most significant growth rate at 10.5%, while Switzerland slightly declined by 0.37%. Other notable growths were seen in Portugal, Czech Republic, and Ireland. The average growth rate over the past five years (CAGR) indicates general positive growth across Europe, underpinning a consistent demand for newer vehicles.
Future trends suggest potential growth influenced by economic recovery post-pandemic, increased production of environmentally friendly cars, and policy changes promoting vehicle renewals. Monitoring emerging markets like Poland will be crucial for further developments in this sector.
Top countries in Number of Passenger Cars Aged from 2 to 5 Years by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,746,400 | 2023 | +3.91% | +3.96% | View data |
| 2 | 2 Italy | 8,619,200 | 2023 | +4.68% | +6.94% | View data |
| 3 | 3 France | 7,121,500 | 2023 | +4.54% | +5.1% | View data |
| 4 | 4 United Kingdom | 6,540,800 | 2021 | View data | ||
| 5 | 5 Spain | 3,841,000 | 2023 | +3.4% | +6.44% | View data |
| 6 | 6 Poland | 1,892,100 | 2023 | +7.61% | +10.5% | View data |
| 7 | 7 Belgium | 1,535,200 | 2023 | +3.17% | +4.13% | View data |
| 8 | 8 Netherlands | 1,491,300 | 2023 | +2.43% | +2.32% | View data |
| 9 | 9 Austria | 1,105,300 | 2023 | +4.44% | +4.79% | View data |
| 10 | 10 Sweden | 979,290 | 2023 | +3% | +3.28% | View data |
