The European Turnover Index for Motor Vehicles Retail in 2024 reveals significant fluctuations across countries. Lithuania leads with the highest index value, suggesting robust retail performance. Romania and Greece also show strong index figures, indicating healthy market dynamics. Notably, Sweden and Germany present moderate growth, closely aligning with broader European trends. In contrast, Bulgaria and Italy show stagnation or slight declines, hinting at market challenges and competitions. Year-on-year trends highlight Romania and Greece as top performers, with double-digit growth compared to 2022, whereas Bulgaria experiences a decline, pointing to potential market saturation or regulatory impacts.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable vehicles, which might alter retail dynamics significantly.
- Economic factors such as inflation, consumer confidence, and employment rates, which could impact purchasing power.
- The influence of digital transformation in retail practices, especially e-commerce penetration impacting traditional retail formats.
- Regulatory changes pushing for greener technologies that can drive new sales opportunities and challenges.
Top countries in Turnover Index of Motor Vehicles Retail by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 259 | 2022 | View data | ||
| 2 | 2 Romania | 229.9 | 2022 | +12.26% | +10.37% | View data |
| 3 | 3 Greece | 189 | 2022 | +21.54% | +10.24% | View data |
| 4 | 4 Norway | 147.6 | 2022 | -2.83% | +7.17% | View data |
| 5 | 5 Netherlands | 147.1 | 2022 | +19.4% | +6.75% | View data |
| 6 | 6 Sweden | 144.1 | 2022 | +8.18% | +3.88% | View data |
| 7 | 7 Germany | 136.5 | 2022 | +9.11% | +3.69% | View data |
| 8 | 8 Bulgaria | 130.4 | 2022 | -8.68% | -3.05% | View data |
| 9 | 9 France | 130 | 2022 | +2.36% | +2.06% | View data |
| 10 | 10 Italy | 124.5 | 2022 | +3.06% | -0.032% | View data |
