In the 2024 fiscal year, Stellantis had sales of around 2.6 million units in the European region, approximately 44.8 percent of the total regional sales of the company.Stellantis is an automotive manufacturing company formed by a merger between Fiat Chrysler Automobiles and the French PSA Group in 2021.

In the 2024 fiscal year, Stellantis shipped nearly 2.6 million units in the European region, which accounted for approximately 47.6 percent of the company's worldwide shipments excluding their joint ventures. Stellantis is an automotive manufacturing company formed by a merger between Fiat Chrysler Automobiles and the French PSA Group in 2021.

The Volkswagen Group accounted for over quarter of new car registrations in the European market between January and December 2024. That year, the automaker sold some 3.3 million units, roughly 1.2 million units more than the manufacturer's closest rival. Stellantis becomes Europe's second largest auto manufacturer Second-placed Stellantis comprises 14 brands, including Opel and Vauxhall, two brands previously owned by General Motors, in 2017. Stellantis was formed by the merger of FCA and PSA. Incentives offered by the French government fuelled demand in PSA's domestic market, France. However, the French market crumbled in Autumn 2020 and Germany remained as Europe's leading passenger car market. In May 2021, German manufacturers – Volkswagen and peer automakers Daimler and BMW – held just under 40 percent of the European market. European car sales collapsed during the pandemic Between January and December 2020, passenger car sales in Europe decreased by about 24 percent to roughly 12 million units. Sales began to tank mid-March, amid the coronavirus pandemic in Europe. Year-on-year sales were still down 57 percent in May 2020, but car sales began to bounce back as economies reopened. Month-on-month sales more than doubled in May and continued on an upward trajectory in June. Sales were back to normal levels in September and October. Outbreaks of COVID-19 in the Autumn of 2020 prevented a positive end to the year for the automotive industry.

The European motor vehicle wholesaling and retailing industry’s revenue is forecast to slump at a compound annual rate of 5.1% over the five years through 2024 to €1,321.8 billion, with a projected decline of 1.9% in 2024. The COVID-19 pandemic stalled demand for new car sales as many showrooms temporarily closed in line with social distancing restrictions and financial uncertainty dissuaded big ticket purchases. The pandemic also contributed to a semiconductor shortage, leading to a substantial backorder at many car dealerships. Revenue slumped through 2022 but made a comeback in 2023 as the semiconductor shortage eased. In the 9 months through September 2023, the EU and UK and car market grew by 16.9% and 20.2% respectively, according to the ACEA and SMMT, marking a hefty rebound in car sales. This surge in car sales boosts profitability for many car dealers. European governments are increasing their efforts to cut emissions in line with climate agreement targets. Zero- and low-emission zones are becoming widespread in European city centres, which restricts entry of high-polluting vehicles. Further, governments are incentivising the uptake of electric vehicles by offering subsidies and zero tax on new purchases. The sale of new diesel and petrol cars will be banned in many countries (2030 in the UK, 2035 in the EU), further encouraging people and fleet owners to switch to an electric vehicle for their next purchase. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 3.9% to reach €1,599.7 billion. Connected cars will also be a focus for many dealers, as infotainment systems become widely demanded by customers.

The European motor vehicle wholesaling and retailing industry’s revenue is forecast to slump at a compound annual rate of 5.1% over the five years through 2024 to €1,321.8 billion, with a projected decline of 1.9% in 2024. The COVID-19 pandemic stalled demand for new car sales as many showrooms temporarily closed in line with social distancing restrictions and financial uncertainty dissuaded big ticket purchases. The pandemic also contributed to a semiconductor shortage, leading to a substantial backorder at many car dealerships. Revenue slumped through 2022 but made a comeback in 2023 as the semiconductor shortage eased. In the 9 months through September 2023, the EU and UK and car market grew by 16.9% and 20.2% respectively, according to the ACEA and SMMT, marking a hefty rebound in car sales. This surge in car sales boosts profitability for many car dealers. European governments are increasing their efforts to cut emissions in line with climate agreement targets. Zero- and low-emission zones are becoming widespread in European city centres, which restricts entry of high-polluting vehicles. Further, governments are incentivising the uptake of electric vehicles by offering subsidies and zero tax on new purchases. The sale of new diesel and petrol cars will be banned in many countries (2030 in the UK, 2035 in the EU), further encouraging people and fleet owners to switch to an electric vehicle for their next purchase. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 3.9% to reach €1,599.7 billion. Connected cars will also be a focus for many dealers, as infotainment systems become widely demanded by customers.

European car production is greatly affected by household income and consumer and business confidence levels, which dictates private and fleet sales at dealerships. The level of business confidence and expansion plans influence fleet sales and orders from road freight operators. Overall, car manufacturing revenue in Europe is forecast to rise at a compound annual rate of 2.3% over the five years through 2025 to €1.2 trillion, including growth of 0.8% in 2025. Squeezed household income has driven down dealership orders in recent years, weighing on output and revenue growth. Data from the European Automobile Manufacturers’ Association shows that car production shot up by 10.2%, in 2023 as it came out of a pandemic-induced low. Car makers have contended with semiconductor shortages, which altered and led to suspensions in production schedules between 2021 and 2023. The disruption and higher costs of car parts resulted in a 6.2% decline in production in 2024, as reported by the European Automobile Manufacturers’ Association, hitting profit. The fall in orders of diesel vehicles in most markets in favour of plug-in hybrids and pure electric vehicles contributed to a fall in output as the automotive sector transitions. In 2025, the industry faces the threat of tariffs imposed by the US and likely retaliatory tariffs from the EU, which will raise costs and reduce exports to the US, a crucial market for EU car makers. Revenue is forecast to expand at a compound annual rate of 4.4% over the five years through 2030 to €1.4 trillion. Environmental policies will drive car production further towards alternatively fuelled vehicles, significantly reducing petrol and diesel vehicle production, especially with an upcoming ban on the sale of new petrol and diesel vehicles across the EU from 2035. Some countries have gone even further - the Netherlands, the UK, Germany, France and Spain will ban selling new petrol and diesel vehicles from 2030. As a result, many EU producers have announced plans to only make hybrid and plug-in electric vehicles. Car makers will benefit from efforts by EU governments to reduce carbon emissions, leading to funding for chargepoints, which should drive up electric vehicle uptake.

Global car and automobile manufacturers have faced numerous challenges over the past decade, given major exogenous shocks, shifting consumer preferences and supply chain disruptions. In particular, significant technological improvements, particularly regarding hybrid and electric vehicles, internal combustion engine fuel efficiency, infotainment development and autonomous driving capabilities, coupled with rising per capita disposable income, have spurred global demand from the growing global middle class. Additionally, strong economic recoveries in most developed and emerging nations following the pandemic have spurred climbing motorization rates and vehicle registrations. Overall, revenue has climbed at an expected CAGR of 1.0% to $2.9 trillion through the current period, including a 2.5% jump in 2025. Profit will climb to 4.7% at the end of the current period as hybrid and electric models perform better and input costs wane. Aluminum and steel are significant inputs for most automakers. Most input manufacturers cut production amid the pandemic, leaving automakers with supply chain shortages and long lead times, especially as automotive demand rebounded following the pandemic. Semiconductors and other integral electronic component manufacturers also failed to meet automaker's demand, exacerbating supply chain issues. Despite these issues, manufacturers have successfully pushed costs onto consumers, expanding profit. Even so, flourishing demand has enabled most automakers to begin recoveries. Many companies have also expressed greater supply chain oversight following disruptions, leading to more nearshoring, vertical integration and strategic partnerships and alliances. Even so, labor strikes, union demands and lingering economic uncertainty have contributed to volatility. Revenue for automakers will swell at an expected CAGR of 2.2% to $3.2 trillion through the outlook period as the industry rides climbing global per capita income and continued growth in developing economies. Global manufacturers will continue to invest heavily in technology and innovation, making waves with new electric and autonomous driving technologies. Companies will also lean on government support regarding electric and hybrid vehicle technology. Even so, tariff policies may restrict many facets of trade, preventing automakers from purchasing some foreign inputs or seamlessly accessing certain export markets.

Automobile and light duty motor vehicle manufacturers have contended with many challenges through the current period. Significant technological improvements, particularly regarding hybrid and electric vehicles, internal combustion engine fuel efficiency, infotainment development and autonomous driving capabilities, have spurred global demand from the growing global middle class. Even so, the pandemic led to a monumental slowdown, slashing vehicle demand. Similarly, rampant inflation and climbing interest rates made car buying more expensive, limiting potential growth despite pent-up demand for driving and travel following lockdown restrictions. Regardless, easing interest rates have created new opportunities in consumer markets, contributing to overall growth, despite many quarterly peaks and valleys. Overall, revenue has climbed at an expected CAGR of 2.4% to $364.5 billion through the current period, including a 2.7% jump in 2025, where profit reached 5.4%. Aluminum and steel are significant inputs for most automakers. Most input manufacturers cut production amid the pandemic, leaving automakers with supply chain shortages and long lead times, especially as automotive demand rebounded following the pandemic. Semiconductors and other integral electronic component manufacturers also failed to meet automaker's demand, exacerbating supply chain issues. Despite these issues, manufacturers have successfully pushed costs onto consumers, expanding profit. Many companies have also expressed greater supply chain oversight following disruptions, leading to more nearshoring, vertical integration and strategic partnerships and alliances. Even so, labor strikes, union demands and lingering economic uncertainty have contributed to volatility. Innovation and the economy's recovery will drive growth through the outlook period. Automakers will continue to invest heavily in technology and innovation, making waves with new electric and autonomous driving technologies. Companies will also lean on government support regarding electric and hybrid vehicle technology to generate strong returns and appeal to more consumers. However, the new presidential administration may cut EV rebates and implement new trade policies, potentially hindering the industry's growth outlook. Overall, revenue will expand at an expected CAGR of 1.3% to $410.4 billion through the outlook period, where profit will reach 5.7%.

The France Electric Vehicles (EV) market is experiencing robust growth, driven by stringent emission regulations, increasing environmental awareness among consumers, and government incentives promoting EV adoption. With a Compound Annual Growth Rate (CAGR) exceeding 12% from 2019 to 2033, the market is poised for significant expansion. The market segmentation reveals a strong preference for Battery Electric Vehicles (BEVs) over Plug-in Hybrid Electric Vehicles (PHEVs), reflecting a global trend towards fully electric mobility. Passenger cars currently dominate the market share, but the commercial vehicle segment is projected to experience substantial growth driven by fleet electrification initiatives and the increasing availability of suitable EV models. Fast-charging infrastructure development is a key driver, addressing range anxiety and accelerating consumer adoption. While the initial investment cost remains a restraint, decreasing battery prices and the long-term cost savings associated with EVs are counteracting this factor. Leading automotive manufacturers like Tesla, Mercedes-Benz, Volkswagen, Hyundai, and others are actively investing in the French market, expanding their product offerings and charging networks to capture market share. The competitive landscape is dynamic, with established players and new entrants vying for dominance. The forecast for the French EV market indicates continued strong growth throughout the 2025-2033 period. The market size in 2025 is estimated to be substantial, considering the high CAGR and existing market penetration. Regional variations within France may exist depending on factors such as charging infrastructure density and government incentives at the local level. The continued success of the market hinges on sustained government support, advancements in battery technology to enhance range and reduce charging times, and the continuous expansion of the charging infrastructure network to address range anxiety. Addressing consumer concerns related to charging infrastructure availability and vehicle range will remain crucial for further market penetration. The dominance of BEVs is expected to continue, though PHEVs will still hold a significant, albeit decreasing, share of the market. Commercial vehicle adoption will be a key indicator of the market's overall maturity and potential for significant future growth. Recent developments include: September 2022- Uber partnered with Stellantis and Free2Move to focus on the French electric vehicles market. The company will support Uber's plans to convert 50% of its fleet to electric vehicles by 2030., March 2022- Eramet made a joint agreement with Suez to develop a recycling facility for electric vehicle batteries by 2024.. Notable trends are: Battery Electric Vehicles Segment to have a Significant Share in the Market Studied.

The European motor vehicle wholesaling and retailing industry’s revenue is forecast to slump at a compound annual rate of 5.1% over the five years through 2024 to €1,321.8 billion, with a projected decline of 1.9% in 2024. The COVID-19 pandemic stalled demand for new car sales as many showrooms temporarily closed in line with social distancing restrictions and financial uncertainty dissuaded big ticket purchases. The pandemic also contributed to a semiconductor shortage, leading to a substantial backorder at many car dealerships. Revenue slumped through 2022 but made a comeback in 2023 as the semiconductor shortage eased. In the 9 months through September 2023, the EU and UK and car market grew by 16.9% and 20.2% respectively, according to the ACEA and SMMT, marking a hefty rebound in car sales. This surge in car sales boosts profitability for many car dealers. European governments are increasing their efforts to cut emissions in line with climate agreement targets. Zero- and low-emission zones are becoming widespread in European city centres, which restricts entry of high-polluting vehicles. Further, governments are incentivising the uptake of electric vehicles by offering subsidies and zero tax on new purchases. The sale of new diesel and petrol cars will be banned in many countries (2030 in the UK, 2035 in the EU), further encouraging people and fleet owners to switch to an electric vehicle for their next purchase. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 3.9% to reach €1,599.7 billion. Connected cars will also be a focus for many dealers, as infotainment systems become widely demanded by customers.

Automobile engine and parts manufacturers produce gasoline and diesel-powered engines and parts. The industry primarily consists of vertically integrated automobile manufacturers and large companies providing engines that fill supplementary contracts for automakers and aftermarkets. Manufacturers are highly globalized, benefiting from international supply chains and global demand. Even so, volatile economic conditions, skyrocketing input costs, worker strikes and massive pressure from both foreign manufacturing powers and electric vehicles have slammed revenue and profit growth. However, falling rates, rebounding economic conditions and easing supply chains have created positive tailwinds. Overall, revenue for automobile engine and parts manufacturers has expanded at an expected CAGR of 1.2% to $42.2 billion through the current period, despite a 0.8% decline in 2025, where profit reached 3.1%. Increased environmental consciousness and high fuel prices have pushed consumers to reevaluate owning gasoline-powered cars. The federal government has also provided subsidies to electric vehicle producers and consumers purchasing EVs to facilitate the shift from fossil fuels. Gasoline-powered engine and parts manufacturers have prioritized more efficient engines to combat EV production and meet efficiency standards. Many companies have also automated to cut costs as substitute products squeeze revenue and profit opportunities. On the other hand, higher steel and aluminum prices pressured purchasing costs, though most manufacturers successfully leveraged globalized supply chains or vertical integration to remain profitable. The economy's recovery will also rejuvenate demand; consumers will have more disposable income to purchase new vehicles, get repairs and take road trips. Normalizing input costs will also enable profit growth while improving trade conditions will facilitate export growth and dampen import penetration. Even so, external competitors, namely electric vehicles and improved public transportation infrastructure, will remain major threats to sustained revenue growth. Overall, revenue will rebound at an estimated CAGR of 2.0% to $46.6 billion through the outlook period.

According to Cognitive Market Research, the Global Electronic Contract Manufacturing And Design Service Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2030 growing at a CAGR of XX% from 2024 to 2031.

• The global Electronic Contract Manufacturing And Design Service market will expand significantly by XX% CAGR between 2024 and 2031. • The electronic manufacturing type segment accounts for the largest market share and is anticipated to a healthy growth over the approaching years. • The IT & Telecom segment had a market share of about XX% in 2023. • The computer segment holds the largest share and is expected to grow in the coming years as well. • Asia Pacific region dominated the market and accounted for the highest revenue of XX% in 2023 and it is projected that it will grow at a CAGR of XX% in the future. Market Dynamics of the Electronic Contract Manufacturing And Design Service

The company is striving to meet the growing demand for high-quality electronic products among various customers.

The growth factors for the Electronic Contract Manufacturing And Design Service are the integration of modern skills, economies of varying levels, and a focus on competencies. The firm obtains a large number of contracts from various clients and it also gets household applications. Fulfilling the demands of a huge customer base helps manufacturers garner a large amount of crude materials at reduced costs. Additionally, the expanding Internet of Things (IoT) landscape is contributing to a surge in demand for electronic devices integrated into everyday objects. Companies are increasingly outsourcing their manufacturing and design services to achieve cost reduction and enhance operational efficiency. For Instance, In Aug 2021, Hon Hai Precision along with its subsidiaries FIH Mobile and Stellantis formed a joint venture named Mobile Drive. Mobile Drive aimed to offer a smart cockpit solution for vehicles.

(Source-https://www.stellantis.com/en/news/press-releases/2021/august/fih-mobile-and-stellantis-establish-joint-venture-to-deliver-disruptive-smart-cockpit-solutions-for-the-automotive-industry)

Uncertainty of geopolitical can hamper market growth.

The major challenge for this market is the supply chain disruptions and geopolitical risks that can be caused by trade wars and tariffs Factors such as natural disasters, political instability, trade disputes, and changes in regulations that can impact the availability of raw materials, components, and skilled labor. Political instability in certain regions may further complicate the decision-making process, as companies seek to minimize risks by choosing stable and reliable manufacturing locations. ECMS/EMS providers must implement vigorous security measures to prevent IP theft and reassure their clients of their commitment to protecting sensitive information. Ensuring consistent quality across different manufacturing facilities and adhering to industry standards can be a complex task. Moreover, protecting sensitive design information and IPs from unauthorized access or misuse is of utmost importance. Rapid changes can render electronic components obsolete quickly, requiring providers to have effective strategies for managing these components and securing necessary parts to fulfill ongoing customer requirements. These factors are anticipated to hinder the growth of the electronics contract manufacturing and design services market growth.

Amalgamation of Advanced Technologies can be an opportunity for the market

The Internet of Things is an innovative technology in the electronic industry, especially for residential and commercial purposes. IoT-enabled electronic systems will significantly decrease the risk of system interruption. It will also help in the reduction of energy costs and improve the overall operational competence. As the demand for smart and connected devices continues to grow, companies are seeking ECMDS providers that can incorporate these technologies into their products. These practices, including automation, data analytics, and machine learning, significantly boost productivity and operational efficiency. They are investing in the expertise and infrastructure required to design and manufacture IoT-enabled devices, AI-powered electronics, and AR-...

The United States vans market, encompassing gasoline, diesel, hybrid, and electric vehicles (BEV and HEV), is experiencing robust growth driven by several key factors. The expanding e-commerce sector fuels demand for last-mile delivery solutions, significantly boosting the need for reliable and efficient vans. Furthermore, the construction and manufacturing industries contribute substantially to market expansion, requiring versatile vehicles for transporting materials and personnel. Government initiatives promoting sustainable transportation, including tax incentives and emission regulations, are also driving adoption of hybrid and electric vans. This trend is further accelerated by decreasing battery costs and improving electric vehicle technology, enhancing their overall practicality and affordability. While rising fuel prices and supply chain disruptions present challenges, the long-term outlook remains positive, particularly for segments catering to specialized needs such as refrigerated transport and passenger vans. Competition among established automotive manufacturers and the emergence of new entrants are shaping the market landscape, pushing innovation in areas like autonomous driving technology and connected vehicle features. The forecast period of 2025-2033 projects continued growth, propelled by factors already mentioned. The market is segmented based on propulsion type, with ICE (Internal Combustion Engine) vehicles, specifically gasoline and diesel variants, currently dominating market share. However, the Hybrid and Electric Vehicle segments are experiencing the most rapid growth, showcasing a significant shift towards sustainable transportation solutions. Regional variations within the US market exist, with densely populated urban areas demonstrating higher adoption rates of electric vans due to better infrastructure support. Ongoing technological advancements and evolving consumer preferences will continue to refine the market, driving further specialization and diversification of van types to meet the dynamic needs of various industries. Growth will likely be moderated by the overall economic climate and the availability of charging infrastructure for electric vans in less populated areas. Recent developments include: June 2023: FORD NEXT launches New pilot program creates flexible electric solutions for drivers who use the Uber platform in select U.S. markets, allowing them to lease a vehicle for more customized time periods.June 2023: Stellantis adds Merchants Fleet as latest Ram ProMaster EV commercial customer and that agreement calls for 12,500 Ram ProMaster EV units over the next several years.June 2023: Mercedes-Benz DRIVE PILOT expands U.S. availability to California and introduce a SAE Level 3 system in a standard-production vehicle for use on public freeways in the most populous state in the U.S.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

European car production is greatly affected by household income and consumer and business confidence levels, which dictates private and fleet sales at dealerships. The level of business confidence and expansion plans influence fleet sales and orders from road freight operators. Overall, car manufacturing revenue in Europe is forecast to rise at a compound annual rate of 2.3% over the five years through 2025 to €1.2 trillion, including growth of 0.8% in 2025. Squeezed household income has driven down dealership orders in recent years, weighing on output and revenue growth. Data from the European Automobile Manufacturers’ Association shows that car production shot up by 10.2%, in 2023 as it came out of a pandemic-induced low. Car makers have contended with semiconductor shortages, which altered and led to suspensions in production schedules between 2021 and 2023. The disruption and higher costs of car parts resulted in a 6.2% decline in production in 2024, as reported by the European Automobile Manufacturers’ Association, hitting profit. The fall in orders of diesel vehicles in most markets in favour of plug-in hybrids and pure electric vehicles contributed to a fall in output as the automotive sector transitions. In 2025, the industry faces the threat of tariffs imposed by the US and likely retaliatory tariffs from the EU, which will raise costs and reduce exports to the US, a crucial market for EU car makers. Revenue is forecast to expand at a compound annual rate of 4.4% over the five years through 2030 to €1.4 trillion. Environmental policies will drive car production further towards alternatively fuelled vehicles, significantly reducing petrol and diesel vehicle production, especially with an upcoming ban on the sale of new petrol and diesel vehicles across the EU from 2035. Some countries have gone even further - the Netherlands, the UK, Germany, France and Spain will ban selling new petrol and diesel vehicles from 2030. As a result, many EU producers have announced plans to only make hybrid and plug-in electric vehicles. Car makers will benefit from efforts by EU governments to reduce carbon emissions, leading to funding for chargepoints, which should drive up electric vehicle uptake.

The Canadian automotive engine lubricants market, valued at approximately $XX million in 2025, is projected to experience steady growth, driven by a Compound Annual Growth Rate (CAGR) of 0.44% from 2025 to 2033. This relatively modest growth reflects a mature market with a high vehicle ownership rate. However, several factors are shaping the market's trajectory. The increasing adoption of fuel-efficient vehicles and stricter emission regulations are influencing demand for specialized lubricants that meet higher performance standards. The growth of the commercial vehicle sector, particularly trucking and transportation, contributes positively to market size, as these vehicles require frequent lubricant changes and higher volumes of oil. Conversely, the increasing prevalence of electric vehicles (EVs) presents a long-term challenge, as they require less frequent lubricant changes than internal combustion engine (ICE) vehicles. Market segmentation reveals that passenger vehicles currently dominate the market share, followed by commercial vehicles and motorcycles. Competition is intense, with major players like BP PLC (Castrol), ExxonMobil Corporation, and Royal Dutch Shell Plc vying for market share alongside regional and specialized lubricant manufacturers. While the market is relatively stable, the transition toward electric mobility and the evolving needs of high-performance vehicles will significantly impact market dynamics in the coming decade. The ongoing focus on sustainability and environmentally friendly lubricant formulations is also expected to influence product development and consumer preferences. The forecast period (2025-2033) suggests a gradual increase in market size, mirroring the expected growth in vehicle ownership and the ongoing need for maintenance in the existing fleet of ICE vehicles. The historical period (2019-2024) provides a baseline for understanding previous market performance. Key players are likely to focus on strategic partnerships, product innovation (including the development of synthetic and bio-based lubricants), and targeted marketing campaigns to maintain and expand their market share in a competitive and evolving landscape. The market's future success will hinge on its ability to adapt to technological shifts, regulatory changes, and changing consumer preferences towards environmentally sustainable solutions. Recent developments include: January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.. Notable trends are: Largest Segment By Vehicle Type : Commercial Vehicles.

The European motor vehicle wholesaling and retailing industry’s revenue is forecast to slump at a compound annual rate of 5.1% over the five years through 2024 to €1,321.8 billion, with a projected decline of 1.9% in 2024. The COVID-19 pandemic stalled demand for new car sales as many showrooms temporarily closed in line with social distancing restrictions and financial uncertainty dissuaded big ticket purchases. The pandemic also contributed to a semiconductor shortage, leading to a substantial backorder at many car dealerships. Revenue slumped through 2022 but made a comeback in 2023 as the semiconductor shortage eased. In the 9 months through September 2023, the EU and UK and car market grew by 16.9% and 20.2% respectively, according to the ACEA and SMMT, marking a hefty rebound in car sales. This surge in car sales boosts profitability for many car dealers. European governments are increasing their efforts to cut emissions in line with climate agreement targets. Zero- and low-emission zones are becoming widespread in European city centres, which restricts entry of high-polluting vehicles. Further, governments are incentivising the uptake of electric vehicles by offering subsidies and zero tax on new purchases. The sale of new diesel and petrol cars will be banned in many countries (2030 in the UK, 2035 in the EU), further encouraging people and fleet owners to switch to an electric vehicle for their next purchase. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 3.9% to reach €1,599.7 billion. Connected cars will also be a focus for many dealers, as infotainment systems become widely demanded by customers.

The European motor vehicle wholesaling and retailing industry’s revenue is forecast to slump at a compound annual rate of 5.1% over the five years through 2024 to €1,321.8 billion, with a projected decline of 1.9% in 2024. The COVID-19 pandemic stalled demand for new car sales as many showrooms temporarily closed in line with social distancing restrictions and financial uncertainty dissuaded big ticket purchases. The pandemic also contributed to a semiconductor shortage, leading to a substantial backorder at many car dealerships. Revenue slumped through 2022 but made a comeback in 2023 as the semiconductor shortage eased. In the 9 months through September 2023, the EU and UK and car market grew by 16.9% and 20.2% respectively, according to the ACEA and SMMT, marking a hefty rebound in car sales. This surge in car sales boosts profitability for many car dealers. European governments are increasing their efforts to cut emissions in line with climate agreement targets. Zero- and low-emission zones are becoming widespread in European city centres, which restricts entry of high-polluting vehicles. Further, governments are incentivising the uptake of electric vehicles by offering subsidies and zero tax on new purchases. The sale of new diesel and petrol cars will be banned in many countries (2030 in the UK, 2035 in the EU), further encouraging people and fleet owners to switch to an electric vehicle for their next purchase. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 3.9% to reach €1,599.7 billion. Connected cars will also be a focus for many dealers, as infotainment systems become widely demanded by customers.

The European motor vehicle wholesaling and retailing industry’s revenue is forecast to slump at a compound annual rate of 5.1% over the five years through 2024 to €1,321.8 billion, with a projected decline of 1.9% in 2024. The COVID-19 pandemic stalled demand for new car sales as many showrooms temporarily closed in line with social distancing restrictions and financial uncertainty dissuaded big ticket purchases. The pandemic also contributed to a semiconductor shortage, leading to a substantial backorder at many car dealerships. Revenue slumped through 2022 but made a comeback in 2023 as the semiconductor shortage eased. In the 9 months through September 2023, the EU and UK and car market grew by 16.9% and 20.2% respectively, according to the ACEA and SMMT, marking a hefty rebound in car sales. This surge in car sales boosts profitability for many car dealers. European governments are increasing their efforts to cut emissions in line with climate agreement targets. Zero- and low-emission zones are becoming widespread in European city centres, which restricts entry of high-polluting vehicles. Further, governments are incentivising the uptake of electric vehicles by offering subsidies and zero tax on new purchases. The sale of new diesel and petrol cars will be banned in many countries (2030 in the UK, 2035 in the EU), further encouraging people and fleet owners to switch to an electric vehicle for their next purchase. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 3.9% to reach €1,599.7 billion. Connected cars will also be a focus for many dealers, as infotainment systems become widely demanded by customers.

The European motor vehicle wholesaling and retailing industry’s revenue is forecast to slump at a compound annual rate of 5.1% over the five years through 2024 to €1,321.8 billion, with a projected decline of 1.9% in 2024. The COVID-19 pandemic stalled demand for new car sales as many showrooms temporarily closed in line with social distancing restrictions and financial uncertainty dissuaded big ticket purchases. The pandemic also contributed to a semiconductor shortage, leading to a substantial backorder at many car dealerships. Revenue slumped through 2022 but made a comeback in 2023 as the semiconductor shortage eased. In the 9 months through September 2023, the EU and UK and car market grew by 16.9% and 20.2% respectively, according to the ACEA and SMMT, marking a hefty rebound in car sales. This surge in car sales boosts profitability for many car dealers. European governments are increasing their efforts to cut emissions in line with climate agreement targets. Zero- and low-emission zones are becoming widespread in European city centres, which restricts entry of high-polluting vehicles. Further, governments are incentivising the uptake of electric vehicles by offering subsidies and zero tax on new purchases. The sale of new diesel and petrol cars will be banned in many countries (2030 in the UK, 2035 in the EU), further encouraging people and fleet owners to switch to an electric vehicle for their next purchase. Over the five years through 2029, revenue is forecast to climb at a compound annual rate of 3.9% to reach €1,599.7 billion. Connected cars will also be a focus for many dealers, as infotainment systems become widely demanded by customers.