AUTOMOTIVE STUDY 2025 / Šaroch (ed.) et al.

Fig. 3.9: Industrial production - base index (average of 2010=100), constant prices

Source: Czech Statistical Office Aggregate revenues of companies in the automotive industry (revenues from sales of their own products and services and revenues from sales of goods) have been increasing until 2019. In the 2020 COVID year, they have fallen to a total of CZK 1.2 trillion. Compared to 2019, this represented a year-on-year decline of one-tenth, but the number of vehicles produced fell by 19%. Companies were thus able to sell their products more expensively or focus on higher-priced products. In the following two years, the aggregate sales of the Czech automotive industry again embarked on a growth trajectory, reaching CZK 1.4 trillion in 2022. e production of parts and accessories accounted for less than half of the industry’s total sales, as did the production of motor vehicles and engines 49.6%. According to data from the Czech Statistical O ce, sales in the Czech automotive industry increased by a very signi cant 19.5% year-on-year in 2023. Revenues of the entire manufacturing industry in 2022 reached CZK 5,918 billion. e sales of the CZ-NACE 29 Motor vehicle manufacturing division thus accounted for 24% of the total manufacturing industry sales in 2022. In previous years, however, it was also almost 28%. In terms of sales, but also in terms of value added (see below), the importance of the automotive industry for the Czech economy has been declining since 2016.

69