Passenger car registrations: -2.9% first two months of 2019; -1.0% in February
Brussels, 15 March 2019 – In February 2019, the EU passenger car market contracted by 1.0% compared to one year ago, despite some major EU markets showing a slight recovery.
In February 2019, the EU passenger car market contracted by 1.0% compared to one year ago, despite some major EU markets showing a slight recovery. After a five-month decline, demand for new cars increased modestly in Germany (+2.7%), France (+2.1%) and the United Kingdom (+1.4%) last month. However, in Spain (-8.8%) and Italy (-2.4%) car registrations continued to decrease for the sixth consecutive month.
From January to February 2019, demand for new cars in the European Union fell by 2.9%. Some markets saw a strong drop compared to last year, most notably Spain (-8.4%) and Italy (-4.9%), but new passenger car registrations remained more or less stable in Germany (+0.6%), France (+0.5%) and the United Kingdom (-0.6%).
- 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.