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

The Romanian automotive industry has been one of the most profitable sectors for the country’s economy over the last few years, despite not having much indigenous capabilities. In fact much of it consists of only foreign owned subsidiaries, with only a handful of domestic manufacturers such as Automobile Dacia, Roman Brasov and Igero. Despite these intrinsic weaknesses revenues from sales of cars and light motor vehicles is expected to increase from 5.5 billion U.S dollars in 2017 to 6.7 billion U.S dollars in 2023.

Joint ventures is the go to strategy for many domestic firms

Romania has a small but growing network of manufacturers and component suppliers, most of who work in partnership with larger foreign companies. In this, the Romanian companies provide manufacturing facilities, utilities and engineering services, while the international partners being their global brands and technological expertise. Mercedes is one of the biggest participants in the Romanian auto industry and therefore it is no surprise to see its models as the highest selling in the country over many years.

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

Revenue in million U.S. Dollars
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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 Romania. 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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