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.