Reasons consumers are waiting to buy a car in Europe, 2023

According to a survey conducted in 2023 on the self-reported reasons for consumers choosing to wait at least 12 months to buy a car, the highest share of participants in Europe stated they did not need to buy a car quickly. Consumers' lack of sufficient financial resources to buy a car is another popular reason for waiting to buy a vehicle.

Self-reported reasons consumers are waiting to buy a car in Europe in 2023

Characteristic	Share of respondents
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Release date

October 2023

More information

Region

Europe

Survey time period

June 28 to July 17, 2023

Number of respondents

11,000*

Age group

18 to 65 years

Special properties

respondents who wanted to buy a car, but not within the following 12 months.

Method of interview

Computer-assisted web interviews (CAWI)

Supplementary notes

Original survey question: "Why are you waiting to buy a car? "

Participants selected up to two answers.

Respondents came from national samples from each country. The quota approach was employed to ensure that the sample was representative of gender and age.

*The source conducted 3,000 interviews in France and 800 in Germany, Austria, Belgium, Spain, Italy, Norway, the Netherlands, Poland, Portugal, and the United Kingdom. 41 percent of respondents in Germany, 42 percent of respondents in Austria, 42 percent of respondents in Belgium, 42 percent of respondents in Spain, 41 percent of respondents in France, 44 percent of respondents in Italy, 38 percent of respondents in Norway, 43 percent of respondents in the Netherlands, 42 percent of respondents in Poland, 42 percent of respondents in Portugal, and 40 percent of respondents in the UK planned to buy a car, but not in the next 12 months. The overall count represents all respondents, not just those who were waiting to purchase a car.

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