Passenger car registrations: +29.5% five months into 2021; +53.4% in May
Brussels, 17 June 2021 – In May 2021, passenger car registrations in the European Union rose by 53.4% compared to last year, totalling 891,665 units. Nevertheless, last month’s result is still far below the 1.2 million cars that were sold in May 2019.
In May 2021, passenger car registrations in the European Union rose by 53.4% compared to last year, totalling 891,665 units. Nevertheless, last month’s result is still far below the 1.2 million cars that were sold in May 2019. The national markets saw strong volume gains, with Spain posting the biggest increase (+177.8%). The EU’s three other key car markets also did well in May: France +46.4%, Italy +43.0% and Germany +37.2%.
From January to May 2021, EU demand for new cars increased by 29.5% to reach 4.3 million units registered in total. The steep declines in the first two months of 2021 were counterbalanced by rises in March, April and May. Each of the four major markets posted double-digit percentage increases so far this year: Italy (+62.8%), France (+50.1%), Spain (+40.0%) and Germany (+12.8%).
- The European Automobile Manufacturers’ Association (ACEA) represents the 15 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, 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
- 12.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.6% 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 €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.