Passenger car registrations: +0.8% 11 months into 2018; -8.0% in November
Brussels, 14 December 2018 – In November 2018 passenger car demand fell by 8.0%, marking the third consecutive month of decline across the European Union.
In November 2018, passenger car demand fell by 8.0%, marking the third consecutive month of decline across the European Union. Ahead of the introduction of the new WLTP test in September, car registrations jumped by +31.2% in August, which led to a drop in demand in the following months. Also in November, the market continued to contract in most EU countries, including the five biggest car markets.
Eleven months into the year, registrations of new passenger cars in the EU increased slightly (+0.8%) compared to one year ago. Demand continues to be fuelled by Central Europe, where new car registrations went up by 9.6% so far this year. Looking at the major EU markets, Spain (+8.0%) and France (+4.7%) posted solid growth from January to November 2018, while registrations fell in Italy (-3.5%) and the United Kingdom (-6.9%) during the same period.
- 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
- 12.7 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.5% 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 €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.