Passenger car registrations: -2.1% five months into 2019; +0.1% in May
Brussels, 18 June 2019 – In May 2019, the EU passenger car market recorded a modest increase (+0.1%) after eight consecutive months of decline.
In May 2019, the EU passenger car market recorded a modest increase (+0.1%) after eight consecutive months of decline. Demand in the region was mainly driven by the Central European countries, where registrations went up by 6.2% last month. By contrast, the five major Western European markets posted mixed results: with demand in Spain (-7.3%), the United Kingdom (-4.6%) and Italy (-1.2%) slowing down, but growing in Germany (+9.1%) and France (+1.2%).
From January to May 2019, new car registrations across the European Union fell by 2.1% compared to last year, counting 6.7 million units in total. With the exception of Germany, the five big EU markets all posted slight declines so far this year.
- 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.
Interested in ACEA press releases?
Receive them directly in your inbox!
About the EU automobile industry
- 14.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.7 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 €74 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.