Passenger car: EU registrations down by 1.6% in May
Brussels, 14/06/2007- New passenger car registrations in Europe fell for a fourth consecutive month in May 2007. New EU Member States showed a constant upward trend, while Western Europe deepened its loss. The calendar effect seems to be limited since only few countries had one extra working day (Austria, Belgium, Denmark, Germany, Greece, Luxembourg, the Netherlands and Hungary).
PASSENGER CARS: EU new car registrations down by 1.6% in May
Please note that the Romanian cumulative figures for Jan – May 07/06 have been rectified!
Brussels, 14/06/2007- New passenger car registrations in Europe* (EU25+EFTA) fell for a fourth consecutive month in May 2007. In total, 1,442,518 new cars were registered, –1.6% less than last year. New EU member states showed a constant upward trend (+11.1%), while Western Europe deepened its loss (–2.4%). The calendar effect seems to be limited since only few countries had one extra working day (Austria, Belgium, Denmark, Germany, Greece, Luxembourg, the Netherlands and Hungary). Amongst the biggest markets only Italy increased its new car registrations (+7.3%) which were enhanced by government scrapping incentives. Quite the opposite, Germany (–11.1%), France (–2.8%) and the UK (–2.2%) saw their markets downsize while the Spanish market was flat (–0.2%).
Four other EU15 countries improved their results ranging from +17.6% in Ireland to +1.3% in the Netherlands. Overall, West European registrations remained sluggish after five first months of the year (–1.3%), with declining registrations in Germany (–9.6%), France (–2.4%) and Spain (–1.6%). Despite this month’s decrease, the UK overall five-month result was still better than last year (+2.2%). Following its fifth consecutive month of growth, Italy also kept its upward drift (+6%). Just as in the preceding months, new EU member states strengthentheir result in May 2007 (+11.1%). Apart from Hungary (–20.1%), Slovakia (–9.4%) and the Czech Republic (–3%), all other countries posted high increases. Lithuania, Latvia and Romania performed best, posting +57.1%, +35.7% and +29.8% growths, respectively.
Cumulative figures confirmed the new car registrations upward trend in the new EU member states (+12.5%).
- 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, email@example.com.
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About the EU automobile industry
- 12.7 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.5 million – are in the automotive sector.
- Motor vehicles are responsible for €398.4 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €76.3 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.