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
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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Observatoire Cetelem. (October 17, 2023). Self-reported reasons consumers are waiting to buy a car in Europe in 2023 [Graph]. In Statista. Retrieved January 06, 2025, from https://www.statista.com/statistics/1449024/self-reported-reasons-consumers-waiting-to-buy-car-europe/
Observatoire Cetelem. "Self-reported reasons consumers are waiting to buy a car in Europe in 2023." Chart. October 17, 2023. Statista. Accessed January 06, 2025. https://www.statista.com/statistics/1449024/self-reported-reasons-consumers-waiting-to-buy-car-europe/
Observatoire Cetelem. (2023). Self-reported reasons consumers are waiting to buy a car in Europe in 2023. Statista. Statista Inc.. Accessed: January 06, 2025. https://www.statista.com/statistics/1449024/self-reported-reasons-consumers-waiting-to-buy-car-europe/
Observatoire Cetelem. "Self-reported Reasons Consumers Are Waiting to Buy a Car in Europe in 2023." Statista, Statista Inc., 17 Oct 2023, https://www.statista.com/statistics/1449024/self-reported-reasons-consumers-waiting-to-buy-car-europe/
Observatoire Cetelem, Self-reported reasons consumers are waiting to buy a car in Europe in 2023 Statista, https://www.statista.com/statistics/1449024/self-reported-reasons-consumers-waiting-to-buy-car-europe/ (last visited January 06, 2025)
Self-reported reasons consumers are waiting to buy a car in Europe in 2023 [Graph], Observatoire Cetelem, October 17, 2023. [Online]. Available: https://www.statista.com/statistics/1449024/self-reported-reasons-consumers-waiting-to-buy-car-europe/