The Dutch car industry is generating more turnover, but growth is stagnating

No more impulse from backorders

Kia dealer showroom

The Dutch car industry generated more turnover in the third quarter of this year than in the same quarter of last year, but the percentage growth in turnover is considerably smaller than before. This is evident from figures from the Central Bureau of Statistics (CBS).

The Dutch car and motorcycle industry recorded a turnover increase of 10.4 percent in the third quarter of this year compared to the same quarter of 2022. Nothing to be dissatisfied with. You would think. Yet the percentage increase in turnover is considerably less than the previous quarter. In the second quarter, the turnover increase was 33.7 percent compared to the second quarter of last year. This was the result of outstanding orders that were backfilled in the second quarter and thus generated additional turnover. Furthermore, the cooling down of demand for new electric cars seems to be making a difference.

The passenger car trade and repair subsector recorded a turnover increase of 13.1 percent in the third quarter of this year. Importers – this includes motorcycle importers – recorded a turnover increase of over 12 percent last quarter. Also interesting: roughly half of the companies in the automotive and motorcycle industry indicate that they have a labor shortage.

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