Slovakia Car Sales Data

Sales of New Cars In Slovakia – Data, Trends, Charts & Analysis

Here you will find annual car sales figures for Slovakia. These statistics are Total Market Volumes, which include passenger cars as well as light commercial vehicles (LCVs).

Since the early 2000s, the Slovakian car market has been relatively stable between 75,000-110,000 annual sales. The market peaked in 2008 at almost 97,000 sales before declining by almost 27% in two years time. Since 2011 car sales in Slovakia have slowly increased to set a new peak at over 100,000 sales in 2019.

Interestingly, sales of light commercial vehicles have not recovered as sharply as passenger cars have. The latter already broke their annual volume record in 2015 and have been responsible for almost all of the total market growth because LCVs are still at a third of their peak level in 2008, when they made up more than a quarter of the overall market. Since 2011, LCV sales averaged 7.5% of total car sales in Slovakia.

Slovakia Automotive Sales Data & Recent Highlights

As you can see, the Slovakian car sales market has been recovering in recent years. The market has been growing at an average annual growth rate of 3.8%.

There are a number of factors that have contributed to the recovery of the Slovakian car sales market. These include:

• The economic recovery: The Slovak economy has been recovering in recent years, which has led to an increase in disposable income.
• The introduction of new incentives: The government has introduced a number of new incentives for car buyers, such as a reduction in VAT.
• The increase in demand for SUVs: SUVs are becoming increasingly popular in Slovakia, as they are seen as more practical and comfortable than sedans.

Despite the recovery, the Slovakian car sales market is expected to face some challenges in the coming years. These challenges include:

• The rise in inflation: Inflation is rising in Slovakia, which could make cars more expensive.
• The shortage of semiconductors: The shortage of semiconductors is affecting the production of new cars, making it difficult to import cars into Slovakia.
• The increase in used car prices: The price of used cars has increased in recent years, making them more affordable than new cars.

Overall, the Slovakian car sales market is expected to remain positive in the coming years. However, there are some challenges that the market will need to address in order to maintain its growth.

Here are some of the trends in the Slovakian car sales market:

• The increasing popularity of SUVs: SUVs are becoming increasingly popular in Slovakia, as they are seen as more practical and comfortable than sedans. In 2022, SUVs accounted for 47.2% of new car registrations in Slovakia. This is up from 42.4% in 2021.
• The growing popularity of electric vehicles: Electric vehicles are becoming increasingly popular in Slovakia, as the government offers incentives to encourage people to buy them. In 2022, electric vehicles accounted for 5.2% of new car registrations in Slovakia. This is up from 3.6% in 2021.
• The increasing popularity of online car buying: More and more people are buying cars online in Slovakia. In 2022, 15.0% of new car purchases were made online. This is up from 12.0% in 2021. The convenience and flexibility of online car buying are driving its popularity.

These are just some of the trends in the Slovakian car sales market. The market is constantly evolving, so it is important to stay up-to-date on the latest trends.

Interesting Slovakia New Car Sales Stats

• Best Sales Year Volume: 101,568 units sold
• Worst Sales Year Volume: 56,916 units sold
• Average Sales Per Year: 73,505.0 units sold
• Total Sales Units (since 2003): 1,470,100 units sold

Slovakia New Motor Vehicle Sales Table

Slovakia New Motor Vehicle Sales Chart

Sources: Manufacturers, ANDC, JATO Dynamics.