Passenger car registrations: +10.1% first two months of the year; +14.3% in February
Brussels, 16 March 2016 – In February 2016, the EU passenger car market posted a highly accelerated increase, marking the 30th consecutive month of growth.
In February 2016, the EU passenger car market posted a highly accelerated increase, marking the 30th consecutive month of growth. Registrations during the month grew (+14.3%) compared to February 2015, totalling 1,056,902 units. Among the major markets, Italy (+27.3%), France (+13.0%), Spain (+12.6%) and Germany (+12.0%) recorded strong performances in February, all posting double-digit percentage growth.
From January to February 2016, new passenger car registrations increased by 10.1%, totalling 2,118,273 units. All major markets posted growth, contributing to the overall upturn of the EU market. Italy (+22.6%) and Spain (+12.4%) recorded the strongest performances over the period, both posting double-digit percentage gains. Also the French (+8.7%), German (+7.8%) and UK (+4.7%) passenger car markets grew during the first two months of 2016, although at more modest rates.
* Data for Malta not available
- 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, firstname.lastname@example.org.
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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.