Passenger car registrations: +3.2% first quarter of 2021; +87.3% in March
Brussels, 16 April 2021 – In March 2021, registrations of new passenger cars in the European Union increased by 87.3%. 1,062,446 new cars were sold in the EU last month, compared to 567,253 during the same month in 2020.
In March 2021, registrations of new passenger cars in the European Union increased by 87.3%, the result of last year’s exceptionally low base of comparison caused by the strict COVID-19 restrictions introduced in most markets in March 2020. 1,062,446 new cars were sold in the EU last month, compared to 567,253 during the same month in 2020. Triple-digit gains were posted by three of the four largest EU markets: Italy saw the biggest increase (+497.2%), followed by France (+191.7%) and Spain (+128.0%). The German market also showed strong gains, with sales up 35.9% in March.
During the first quarter of 2021, EU demand for new cars grew by 3.2% to reach 2.6 million units registered in total. Despite steep declines during the first two months of the year (-24.0% in January and -19.3% in February), March’s strong results managed to offset the negative trend. Looking at the major EU markets, last month’s gains brought the cumulative performances of Italy and France into positive territory (up 28.7% and 21.1% respectively). On the other hand, both Spain (-14.9%) and Germany (-6.4%) continued to post declines so far in 2021, although significantly less dramatic than in the preceding months.
- 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.