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Industry revenue of »retail trade of motor vehicle parts« in Finland 2011-2023

Notwithstanding the current slowdown brought by the coronavirus pandemic, Finland has a robust auto retail sector with over 120,000 new passenger car registrations in 2018. The country’s high standard of living and strong consumer purchasing power, are the main factors driving the overall auto industry. Toyota is the largest selling brand followed by Volkswagen, Skoda, Volvo and Ford. This in turn has led to strong retail sales of spare parts with revenues expected to increase from 1.8 billion U.S. dollars in 2018 to 1.9 billion U.S. dollars in 2023. Interestingly, most of these parts are imported from other European nations such as Germany, with domestic manufacturing having fallen from 279 million U.S. dollars in 2011 to 205 million U.S. dollars in 2018. The market is expected to pick up marginally over the medium term to value 212.5 million dollars in 2023.

Industry revenue of »retail trade of motor vehicle parts« 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 “retail trade of motor vehicle parts and accessories“ has the code “G4532“.

Details on the methodology can be found here.

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