Passenger car registrations: +2.4% five months into 2018; +0.8% in May
Brussels, 15 June 2018 – In May 2018, the EU passenger car market flattened out after showing robust growth in April. Registrations of new cars were only 0.8% higher than in May 2017, counting 1,398,913 units in total.
In May 2018, the EU passenger car market flattened out after showing robust growth in April. Registrations of new cars were only 0.8% higher than in May 2017, counting 1,398,913 units in total. Results were diverse among the major EU markets, with Spain (+7.2%) and the United Kingdom (+3.4%) posting growth, while Germany (-5.8%) and Italy (-2.8%) saw their demand for cars decline in May.
From January to May 2018, demand for new cars in the European Union remained positive, largely sustained by the strong performance of the new EU member states, where registrations went up by 11.6% so far this year. Overall, 6,879,885 new passenger cars were registered in the EU during the first five months of 2018, or 2.4% more than one year ago. Car registrations increased in Spain (+10.6%), France (+3.5%) and Germany (+2.6%), although demand contracted in the United Kingdom (-6.8%).
- 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
- 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.