The Mobility Market specifically covers newly sold passenger cars, including small, medium, executive, and luxury cars as well as SUVs, minivans, and sports cars. However, motorcycles, buses, trucks, large vans, and light utility vehicles are not included. The market's segmentation is based on several factors, including physical properties (weight, volume, wheelbase) and economic factors (pricing, status, etc.). All key figures shown represent the sales of new cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO2 emissions are accordingly based on the basic models. Importantly, our focus is solely on the market for newly sold cars, distinct from the broader category of registered cars.
The Passenger Cars market is divided into further markets for small cars, medium cars, executive cars, luxury cars, SUVs, minivans, and sports cars. Additionally, it delves into different car brands, offering a comprehensive view of the market.
Insights are centered on newly sold cars in standard configurations, excluding used vehicles and customizations. Reported statistics align with base vehicle configurations, ensuring a focused understanding of the dynamic passenger car market.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
The Passenger Cars market in Romania has been witnessing significant growth in recent years. Customer preferences have shifted towards more fuel-efficient and environmentally friendly vehicles, leading to an increase in the demand for electric and hybrid cars. Additionally, the rising disposable income and improving living standards have also contributed to the growth of the market.
Customer preferences: In Romania, customers are increasingly opting for fuel-efficient cars due to rising fuel prices and growing environmental concerns. As a result, there has been a surge in the demand for electric and hybrid cars, which offer lower fuel consumption and reduced emissions. Customers are also looking for cars with advanced safety features and modern technology, such as infotainment systems and connectivity options.
Trends in the market: One of the key trends in the Passenger Cars market in Romania is the growing popularity of electric and hybrid vehicles. With the government's focus on reducing carbon emissions and promoting sustainable transportation, there has been a significant increase in the sales of electric and hybrid cars. Manufacturers are also introducing a wider range of electric and hybrid models to cater to the growing demand. Another trend in the market is the rise of online car sales platforms. Customers are increasingly turning to online platforms to research, compare, and purchase cars. This trend has been further accelerated by the COVID-19 pandemic, which has led to a shift towards digital channels. Online platforms provide customers with convenience, transparency, and a wide range of options to choose from.
Local special circumstances: Romania has a well-developed automotive industry, with several major car manufacturers having production facilities in the country. This has led to a strong domestic supply chain and availability of locally manufactured cars at competitive prices. The presence of these manufacturing facilities also contributes to the growth of the Passenger Cars market in Romania.
Underlying macroeconomic factors: The growth of the Passenger Cars market in Romania is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. As a result, more people are able to afford cars, leading to a higher demand in the market. Additionally, favorable government policies and incentives have also played a role in the growth of the market. The government has introduced measures to support the adoption of electric and hybrid vehicles, such as tax benefits and subsidies. These incentives have encouraged customers to choose more environmentally friendly cars, further driving the growth of the market. In conclusion, the Passenger Cars market in Romania is experiencing growth due to customer preferences for fuel-efficient and environmentally friendly vehicles, as well as the rise of online car sales platforms. The presence of a strong domestic automotive industry and favorable government policies have also contributed to the growth of the market. The underlying macroeconomic factors, such as economic growth and increasing disposable income, further support the expansion of the Passenger Cars market in Romania.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Notes: Level 0: No automation and very limited driver assistance in the form of automatic emergency braking or blind-spot warning. Level 1: Driver assistance such as cruise control or lane centering. Level 2: Partial automation, including brake and steering support. Level 3: Conditional automation, the vehicle can perform most driving tasks in certain scenarios, human intervention is still needed.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Oct 2024
Source: Statista Market Insights
Data coverage:
The data encompasses B2C enterprises. Figures are based on the sales of new passenger cars. Data on the specifications of the sold vehicles is based on the base models of the respective makes.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use company reports and websites, vehicle registries, car dealers, and environment agencies among other sources. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and car stock per capita. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, we use the ARIMA model for the Passenger Cars market. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights