Passenger car registrations: -0.3% 11 months into 2019; +4.9% in November
Brussels, 17 December 2019 – In November 2019, EU demand for new passenger cars increased by 4.9%, marking the third consecutive month of growth this year.
In November 2019, EU demand for new passenger cars increased by 4.9%, marking the third consecutive month of growth this year. To a large extent this is the result of a low base of comparison, because in November 2018 registrations went down 8.0%. With the exception of the United Kingdom (-1.3%) all major European markets posted growth last month: Germany (+9.7%), Spain (+2.3%), Italy (+2.2%) and France (+0.7%).
Eleven months into the year, new car registrations across the European Union were almost back at levels from one year ago (-0.3%), thanks to the strong results of the last three months. Nevertheless, four of the five major EU markets declined from January to November, most notably Spain (-5.7%) and the United Kingdom (-2.7%). Germany (+3.9%) remains the only big market that recorded growth so far in 2019.
- The European Automobile Manufacturers’ Association (ACEA) represents the 15 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, 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
- 12.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.6% 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 €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.