Passenger car registrations: +2.7% four months into 2018; +9.6% in April
Brussels, 17 May 2018 – In April 2018, the EU passenger car market showed a strong return to growth (+9.6%) after demand declined in March – 1,306,273 new cars were registered last month.
In April 2018, the EU passenger car market showed a strong return to growth (+9.6%) after demand declined in March – 1,306,273 new cars were registered last month. All five major EU markets saw substantial increases: Spain (+12.3%) and the United Kingdom (+10.4%) recorded the strongest growth, followed by France (+9.0%), Germany (+8.0%) and Italy (+6.5%).
From January to April 2018, demand for new cars in the European Union increased by 2.7%, driven by last month’s robust growth. Car registrations went up in Spain (+11.0%), Germany (+5.0%) and France (+4.4%), but demand for new cars contracted in the UK (-8.8%). The new EU member states performed very well so far in 2018, with registrations increasing by 12.5%. Overall, 5,478,442 new passenger cars were registered in the EU during the first four months of the year.
- 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.