Passenger car registrations: -3.2% eight months into 2019; +1.4% in July and -8.4% in August
Brussels, 18 September 2019 – In July 2019, demand for new passenger cars increased by 1.4%, with almost 1.3 million units registered across the European Union.
In July 2019, demand for new passenger cars increased by 1.4%, with almost 1.3 million units registered across the European Union. Looking at the five big Western European markets, Germany was the only major car market to post positive results (+4.7%). The region-wide increase was largely supported by the Central European countries, where registrations went up 13.4% in July.
During the month of August, the EU passenger car market contracted by 8.4%. This is mainly the result of the high base of comparison, as August 2018 saw exceptional growth (+31.2%) ahead of the introduction of the new WLTP emissions test on 1 September 2018. The top five EU markets all recorded decreases, with the strongest drops in Spain (-30.8%) and France (-14.1%).
Over the first eight months of 2019, new-car demand in the EU went down by 3.2% compared to the same period last year, counting 10.5 million registrations in total. Germany (+0.9%) posted a slightly positive result so far this year, but the other major EU car markets saw demand falling.
- The European Automobile Manufacturers’ Association (ACEA) represents the 14 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, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, 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, Senior Statistics Manager, email@example.com
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About the EU automobile industry
- 12.9 million Europeans work in the automotive sector
- 8.3% of all manufacturing jobs in the EU
- €392.2 billion in tax revenue for European governments
- €101.9 billion trade surplus for the European Union
- Over 7% of EU GDP generated by the auto industry
- €59.1 billion in R&D spending annually, 31% of EU total