Passenger car registrations: -3.3% first quarter of 2019; -3.9% in March
Brussels, 17 April 2019 – In March 2019, the European passenger car market contracted by 3.9%, falling from 1,792,880 units the year before to 1,722,442 last month.
In March 2019, the European passenger car market contracted by 3.9%, falling from 1,792,880 units the year before to 1,722,442 last month. Demand decreased in all major EU markets. Italy posted the highest percentage drop (-9.6%), followed by Spain (-4.3%), the United Kingdom (-3.4%), France (-2.3%) and Germany (-0.5%).
Three months into the year, demand for new cars in the European Union declined by 3.3%, totalling 4,032,881 units. In Germany, registrations remained almost flat (+0.2%), while the other key markets performed worse than in the first quarter of 2018 − most notably Spain (-6.9%) and Italy (-6.5%).
- 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, email@example.com.
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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.