Vehicle sales mirror economic growth (2008-2021 trend)
Motor vehicle registrations tend to mirror economic growth. This interactive infographic projects annual growth in vehicle registrations and annual GDP growth in the EU for the 2008-2021 period, covering both passenger cars and commercial vehicles.
- Passenger car demand usually anticipates GDP developments, as the purchase of a new car is often influenced by consumer confidence.
- EU car sales forecast 2020: Record drop of 25% expected this year, says ACEA
- 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