Passenger car: new registrations slightly up over three quarters 2007

Brussels, 16/10/2007 – In September, new car registrations slowed down by 1.5%.

Brussels, 16/10/2007 – Nine months into 2007, passenger car registrations in Europe (EU27+EFTA) were 0.7% higher than last year. In September, new car registrations slowed down by 1.5% and reached 1,420,043 units. This result has been influenced by one working day less than in the previous year in the whole region. The September decline in Western Europe (–2.1%) contrasted with a sustained upturn in the new EU member states (+9.5%).

In September 2007, German registrations fell by 11% compared to September 2006. Last year’s figures were sharply marked by a rush in purchases ahead of increase in VAT announced for January 2007. The Spanish market also downsized considerably (–7.7%) and the situation in Italy remained flat (+0.2%). Registrations in France and the UK were higher than last year (+3.2% and +1.3%, respectively) and half of the remaining EU15 markets also posted growths. The September registrations in most of the new member states were significantly above last year’s results, with Lithuania (+39.6%), Bulgaria (+26.9%), Poland (+19.6%) and Romania (+19.5%) accounting for the highest increases.

Cumulative figures over the first nine months of 2007 showed an increase of 0.7% in new passenger car registrations. Falling registrations on three main markets pulled West European figures downwards (–0.2%) whereas the new Member states improved their last year result by 14.2%. Italy (+6.6%) and the UK (+2%) retained their rising trend and France has slowly started to recover (+0.3%). Germany (–8%) and Spain (–2.0%) remained on a slipping path, as did five smaller EU15 countries. Apart from Hungary (–7.1%) all other new member states positively contributed to the overall result.

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About ACEA

  • The European Automobile Manufacturers’ Association (ACEA) represents the 15 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, JLR, Mercedes-Benz, Nissan, Renault Group, Toyota Motor Europe, Volkswagen Group, 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, Senior Statistics Manager, fp@acea.auto

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About the EU automobile industry

  • 12.9 million Europeans work in the automotive sector
  • 8.3% of all manufacturing jobs in the EU
  • €392.2 billion in tax revenue for European governments
  • €101.9 billion trade surplus for the European Union
  • Over 7% of EU GDP generated by the auto industry
  • €59.1 billion in R&D spending annually, 31% of EU total
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