Passenger car registrations: -1.6% nine months into 2019; +14.5% in September
Brussels, 16 October 2019 – In September 2019, EU demand for new passenger cars increased by 14.5% to reach 1.2 million units registered in total.
In September 2019, EU demand for new passenger cars increased by 14.5% to reach 1.2 million units registered in total. To a large extent, this strong year-on-year growth is the result of a low base of comparison, as registrations fell significantly in September 2018 (-23.5%) following the introduction of the WLTP testing regime.
Last month, all EU member states posted increases, except for Bulgaria. Four of the five major EU markets even recorded double-digit gains: Germany (+22.2%), Spain (+18.3%), France (+16.6%) and Italy (+13.4%). By contrast, in the United Kingdom market recovery was very limited (+1.3%), as Brexit-related uncertainties continued to affect consumer confidence.
Over the first nine months of 2019, new car registrations were down 1.6% compared to the same period the year before. Despite demand recovering across the European Union in September, Germany (+2.5%) was the only major market to post positive results so far this year. Spain (-7.4%) saw the strongest drop, followed by the United Kingdom (-2.5%), Italy (-1.6%) and France (-1.3%).
- 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.