The sport-utility vehicles revenue is forecast to amount to some 144.2 billion euros in 2023, making it the largest segment in the European passenger car market. This was over twice the projected medium car revenue which, at 52 billion euros, would be second in the ranking.
Projected passenger car revenue in Europe in 2023, by vehicle segment
(in billion euros)
based on an December 2023 forecast which reflects the market impact of Russia's war on Ukraine.
Supplementary notes
The Mobility Market Outlook provides information about 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.
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Statista. (December 1, 2023). Projected passenger car revenue in Europe in 2023, by vehicle segment (in billion euros) [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1413726/europe-passenger-car-revenue-by-segment/
Statista. "Projected passenger car revenue in Europe in 2023, by vehicle segment (in billion euros)." Chart. December 1, 2023. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1413726/europe-passenger-car-revenue-by-segment/
Statista. (2023). Projected passenger car revenue in Europe in 2023, by vehicle segment (in billion euros). Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1413726/europe-passenger-car-revenue-by-segment/
Statista. "Projected Passenger Car Revenue in Europe in 2023, by Vehicle Segment (in Billion Euros)." Statista, Statista Inc., 1 Dec 2023, https://www.statista.com/statistics/1413726/europe-passenger-car-revenue-by-segment/
Statista, Projected passenger car revenue in Europe in 2023, by vehicle segment (in billion euros) Statista, https://www.statista.com/statistics/1413726/europe-passenger-car-revenue-by-segment/ (last visited December 19, 2024)
Projected passenger car revenue in Europe in 2023, by vehicle segment (in billion euros) [Graph], Statista, December 1, 2023. [Online]. Available: https://www.statista.com/statistics/1413726/europe-passenger-car-revenue-by-segment/
