Passenger car registrations: -0.7% 10 months into 2019; +8.7% in October
Brussels, 19 November 2019 – In October 2019, the EU passenger car market grew by 8.7% to reach 1,177,746 units registered.
In October 2019, the EU passenger car market grew by 8.7% to reach 1,177,746 units registered. This marked the highest October total on record since 2009. During the same month last year, registrations fell by 7.3% after the WLTP test came into effect, setting a low base of comparison for 2019. As a result, nearly all EU countries posted increases in October, with the exception of Cyprus and the United Kingdom. Four of the five major EU markets noted strong gains, Germany (+12.7%), France (+8.7%), Italy (+6.7%) and Spain (+6.3%), while car sales contracted in the UK (‐6.7%).
From January to October, new-car registrations were down 0.7% compared to the first 10 months of 2018. Although demand increased across the EU in September and October, Germany (+3.4%) remained the only major European market to record growth so far in 2019. By contrast, Spain (-6.3%) and the United Kingdom (-2.9%) saw the strongest declines 10 months into the year, while the Italian (-0.8%) and French (-0.3%) markets have almost recovered to 2018 volumes.
- 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, firstname.lastname@example.org.
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About the EU automobile industry
- 14.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.7 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 €74 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.