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Industry revenue of »sale of cars and light motor vehicles« in Finland 2011-2023

Unlike most other European countries, the Finnish market for cars and light motor vehicles is expected to fall marginally from 11.7 billion U.S dollars in 2018 to 11.4 billion U.S dollars in 2023. This is despite a slight increase in the total number of new passenger cars registered in the country over the period 2014-2018.

Automobile manufacturing is not one of Finland’s main industries with Valmet Automotive being the major producer of passenger cars while Sisu-Auto Oy manufactures heavy trucks. Valmet is looking on with a growing sense of foreboding as the Trump administration threatens to import tariffs on cars imported from the EU. If that happens and Germany’s Daimler scales back production, Valmet’s plant in Finland will be majorly affected as it currently manufactures over 100,000 Mercedes-Benz vehicles annually.

Most of the cars in Finland are imported

Due to the nascency of automobile manufacturing in the country, it is no surprise that a large majority of the cars and other vehicles in Finland are imported with passenger cars being the largest category. Off these Nissan’s Qashqai, Skoda’s Octavia, Volkswagen’s Golf, Toyota’s Auris and Ford’s Fiesta are the top five selling brands

Industry revenue of »sale of cars and light motor vehicles« in Finland from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Finland. The industry “sale of cars and light motor vehicles“ has the code “G4511“.

Details on the methodology can be found here.

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Statistics on "Economic Outlook Finland"

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