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%).
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About ACEA
- 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, fp@acea.auto.
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About the EU automobile industry
- 13.0 million Europeans work in the automotive sector
- 11.5% of all manufacturing jobs in the EU
- €374.6 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