Passenger car registrations: +3.7% over nine months; ‐2.0% in September
Brussels, 17 October 2017 – In September 2017, passenger car registrations across the European Union fell by 2.0%, totalling 1,427,105 units.
In September 2017, passenger car registrations across the European Union fell by 2.0%, totalling 1,427,105 units. However, it must be noted that September 2016 figures (the highest total on record to date) constituted a high basis of comparison. Momentum in some of the EU’s five key markets is starting to slow, especially in the United Kingdom (‐9.3%) and Germany (‐3.3%). However, these declines were partially offset by the solid performance of the Italian and Spanish markets (up 8.1% and 4.6% respectively).
Over the first nine months of 2017, demand for passenger cars remained positive in the EU, with almost 11.7 million new vehicles registered – an increase of 3.7% compared to the same period last year. Italy (+9.0%), Spain (+6.7%), France (+3.9%) and Germany (+2.2%) performed well so far in 2017, although UK car demand fell by 3.9%. Noteworthy is the strong performance of the new EU member states, where registrations went up by 13.8% during the period.
- The European Automobile Manufacturers’ Association (ACEA) represents the 16 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, Jaguar Land Rover, Mercedes-Benz, 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
- 12.7 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.5 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 €76.3 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €58.8 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 32% of total EU spending.