Vehicle sales mirror economic growth (2006-2019 trend)
Motor vehicle registrations tend to mirror economic growth. This charts projects annual growth in vehicle registrations and annual GDP growth in the EU for the 2006-2019 period.
- Passenger car demand usually anticipates GDP developments, as the purchase of a new car is often influenced by consumer confidence.
- ACEA forecasts that growth of the car market will slow to around 1% in 2018.
- Registrations of commercial vehicles tend to follow GDP growth more closely, given that demand for road transport is directly related to the state of the economy.