Passenger car: European market at -4.9% in May
Brussels, 14/05/2009 – In May, the number of new passenger car registrations in Europe* was negative for the thirteenth consecutive month, with 4.9% fewer new units recorded than in May 2008.
Brussels, 16/06/2009 – In May, the number of new passenger car registrations in Europe* was negative for the thirteenth consecutive month, with 4.9% fewer new units recorded than in May 2008. In total, 1,270,195 new cars were registered onto the market. Five months into the year, the European* market contracted by 13.9%. May counted on average one working day less across the region. In Western Europe, new registrations totaled 1,197,292 in May. Austria (+4.8%), Greece (+5.1%), France (+11.8%) and Germany (+39.7%) contributed to mitigating the drop to -3.2%, reflecting market support in the form of fleet renewal schemes. Similarly, Italy limited its downturn to a single digit decrease (-8.6%). In the UK (-24.8%) and Spain (-38.7%), the announcement of incentive schemes could not translate into the registration figures yet.
Five months into the year, new car registrations declined by 12.8%. Germany (+22.8%) was the only market to expand over that period. France (-1.4%) performed second best, followed by Austria (-3.0%). Among the major markets, the Italian contracted by 14.7%, the British by 27.9% and the Spanish by 42.7%. Results in the new EU Member States were down 26.0% in May, with only the Czech Republic (+20.5%) and Slovakia (+46.4%) posting growth. The downturn ranged from -3.1% in Poland to -80.4% in Latvia.
From January to May, Poland (+0.7%), Slovakia (+1.3%) and the Czech Republic (+5.5%) performed better than over the same period a year ago, resulting in a 27.9% overall downturn for the region.
* EU27 + EFTA, data for Cyprus and Malta unavailable
- 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
- 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.