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.
- 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.