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.
Content type Figure
Vehicle types All vehiclesPassenger carsCommercial vehicles