Passenger car registrations: +0.7% first quarter of 2018; -5.3% in March

Brussels, 18 April 2018 – In March 2018 the EU passenger car market declined (-5.3%) for the first time this year, with registrations totalling 1,792,599 new cars – the first March drop since 2014.

In March 2018 the EU passenger car market declined (-5.3%) for the first time this year, with registrations totalling 1,792,599 new cars – the first March drop since 2014. However, it must be noted that last year’s results (with the best March figures on record) constituted a high basis of comparison. Momentum is starting to slow in some markets and especially in the United Kingdom, where sales dropped by 15.7% in March. New car demand also declined in Italy (-5.8%) and Germany (-3.4%), but growth was posted in France (2.2%) and Spain (2.1%).

In the first three months of 2018, demand for new cars in the European Union remained slightly positive (+0.7%) despite last month’s decline. Passenger car registrations grew in Spain (+10.5%), Germany (+4.0%) and France (+2.9%), while car demand fell in Italy (-1.5%) and the UK (-12.4%). The strong performance of the new EU member states is worth highlighting here, as demand increased by 11.9% so far this year. Overall, 4,171,628 new cars were registered in the European Union during the first quarter of 2018.

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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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