Revenue in the Car and Motorcycle Industry Increases by Over 4 Percent in 2024

The largest revenue increase in the car and motorcycle industry in 2024 was seen in specialized repair companies and importers, reporting revenue increases of 9.0% and 8.3%, respectively. The largest sub-sector, the trade and repair of passenger cars, noted a revenue growth of nearly 4%. More hybrid (+16.5%) and electric cars (+15.9%) were sold in 2024 than a year earlier, and the second-hand market also saw more cars sold (+9.1%). Particularly in the last quarter, more electric cars and vans were sold. This is related to changes in the bpm exemption (tax on passenger cars and motorcycles) as of January 2025.

In the trade and repair of motorcycles, there was a 2.5% revenue decline compared to a year earlier.

The business confidence in the car and motorcycle industry was -12.5 at the beginning of the first quarter of 2025. At the beginning of the fourth quarter of 2024, business confidence was still -2.7. Compared to other sectors, entrepreneurs in the car and motorcycle industry have significantly less confidence. At the beginning of the first quarter of 2025, business confidence across all sectors was -5.4.

The labor market remains tight in the car and motorcycle industry. Like at the beginning of the fourth quarter of 2024, more than 50% of entrepreneurs reported a shortage of labor at the beginning of the first quarter of 2025. The number of vacancies has decreased slightly; a decline that has been visible since the second quarter of 2023. In the fourth quarter of 2024, there were 7.6 thousand vacancies, compared to 7.7 thousand in the third quarter.