Passenger car registrations: +11.2% eight months into 2021; ‐23.2% in July and ‐19.1% in August
Brussels, 16 September 2021 – In July 2021, the European passenger car market suffered a significant setback after four months of accelerated growth, with new registrations down 23.2% to 823,949 units.
In July 2021, the European passenger car market suffered a significant setback after four months of accelerated growth, with new registrations down 23.2% to 823,949 units. The EU’s four major markets showed similar trends, all posting strong losses. France saw the steepest decrease (-35.3%) in July, followed by Spain (-28.9%), Germany (-24.9%) and Italy (-19.2%).
During the month of August, car registrations across the European Union decreased by 19.1% – compared to the same month last year – to reach 622,993 units. For the second month in a row, the largest car markets posted double-digit declines: Spain (-28.9%), Italy (-27.3%), Germany (-23.0%) and France (-15.0%).
Over the first eight months of 2021, sales volumes saw a year-on-year increase of 11.2%, counting 6.8 million new passenger cars in total. Despite the weak performance of EU markets during the summer months, substantial gains earlier in the year kept cumulative growth in positive territory. As a result, each of the four major markets posted growth so far this year: Italy (+30.9%), France (+12.8%), Spain (+12.1%) and Germany (+2.5%).
- The European Automobile Manufacturers’ Association (ACEA) represents the 15 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, 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
- 12.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.6% 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 €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.