Passenger car registrations: +2.2% ten months into 2021; -30.3% in October
Brussels, 18 November 2021 – In October 2021, new passenger car registrations in the European Union contracted further (-30.3%), marking the fourth consecutive month of decline this year.
In October 2021, new passenger car registrations in the European Union contracted further (-30.3%), marking the fourth consecutive month of decline this year. With 665,001 units sold across the region, this was the weakest result in volume terms for a month of October since records began. Most EU markets suffered double-digit losses, including the four largest ones: Italy (-35.7%), Germany (-34.9%), France (-30.7%) and Spain (-20.5%).
Over the first 10 months of 2021, new car registrations in the EU were up 2.2% compared to one year earlier, totalling around 8.2 million units. Despite the recent drop in sales due to the ongoing impact of the semiconductor supply crisis, substantial gains earlier in the year helped to keep cumulative volumes in positive territory. Likewise, demand remained positive in three out of the four key EU markets: Italy (+12.7%), Spain (+5.6%) and France (+3.1%). By contrast, Germany’s year-to-date performance has worsened compared to one year ago (-5.2%).
- 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
- 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.