Passenger car registrations: +2.9% during first half of 2018; +5.2% in June
Brussels, 17 July 2018 – In June 2018, passenger car registrations posted a robust increase (+5.2%) across the EU, totalling almost 1.6 million new cars.
In June 2018, passenger car registrations posted a robust increase (+5.2%) across the EU, totalling almost 1.6 million new cars. In volume terms, this result marked the highest June total on record to date. Results were diverse among the five major EU markets. The United Kingdom (-3.5%) and Italy (-7.3%) both posted declines, while demand for cars increased in France (+9.2%), Spain (+8.0%) and Germany (+4.2%).
Over the first half of 2018, the European passenger car market grew by 2.9% to reach 8,449,247 units. The strong performance of the new EU member states is worth highlighting, as registrations increased by 11.4% so far this year. Looking at the major markets, demand went up in Spain (+10.1%), France (+4.7%) and Germany (+2.9%), although sales contracted in the United Kingdom (-6.3%) and in Italy (-1.4%) during the first six months of this 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, email@example.com.
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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.