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 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
- 14.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.7 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 €74 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.