Passenger car: EU new car registrations up 8.7% in February
Brussels, 14/03/2008 – In February, new passenger car registrations in Europe (EU27+EFTA) were 8.7% higher than in the same period in 2007, helped by one extra working day in the whole region.
Brussels, 14/03/2008 – In February, new passenger car registrations in Europe (EU27+EFTA) were 8.7% higher than in the same period in 2007, helped by one extra working day in the whole region*. In total, 1,180,842 new cars were registered over the month. Western Europe accounted for a sound 7.7% increase and registrations in the new Member States remained on a growth path with a plus of 20.5%.
In Western Europe, the German market recorded the largest growth (+24.8%) and also the most cars registered (228,623) in absolute terms. The Spanish market roughly equaled last year’s February results (+0.7%). The other main Western European markets noted a drop in registrations, with Italy ending the month at –3.9% and the United Kingdom at –5.4%. Overall, a quarter of the Western European markets saw their registrations decrease.
The cumulative January-February figures were 2.7% higher in Western Europe and 3.8% in the EU27 as compared with the same period last year. February also saw positive results in the new Member States. Apart from Latvia, all countries posted an increase. The major markets remain Poland (+28.1%), Romania (+37.1%), Hungary (+7.1%) and the Czech Republic (+15.8%). Poland and Romania registered the most cars in absolute terms, with 28,182 and 21,423, respectively. Two months into the year, cumulative figures showed a solid 18.6% increase.
* and two more working days for Greece
- The European Automobile Manufacturers’ Association (ACEA) represents the 16 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Francesca Piazza, Statistics Manager, firstname.lastname@example.org.
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About the EU automobile industry
- 13 million Europeans work in the auto industry (directly and indirectly), accounting for 7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.4 million – are in the automotive sector.
- Motor vehicles are responsible for €374.6 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €79.5 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €58.8 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 32% of total EU spending.