Passenger car registrations: +3.9% over 10 months; +5.9% in October
Brussels, 16 November 2017 – In October 2017, EU demand for passenger cars returned to growth after September’s decline. Registrations of new cars totalled 1,169,672 units, or 5.9% higher than in October last year.
In October 2017, EU demand for passenger cars returned to growth after September’s decline. Registrations of new cars totalled 1,169,672 units, or 5.9% higher than in October last year. Nearly all major EU markets performed well, especially Spain (+13.7%), France (+13.7%) and Italy (+7.1%). The United Kingdom, by contrast, saw new car registrations fall by 12.2% in October. Demand for passenger cars in the new EU member states grew by 20.1% last month, making a significant contribution to the solid performance of the EU market.
From January to October 2017, passenger car registrations across the European Union increased by 3.9%, totalling more than 12.8 million new vehicles registered. Among the five big markets, Italy (+8.9%) and Spain (+7.3%) posted the highest percentage gains, followed by France (+4.8%) and Germany (+2.3%). On the other hand, UK demand for cars decreased by 4.6% so far in 2017.
- 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, email@example.com.
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About the EU automobile industry
- 13 million Europeans work in the auto industry (directly and indirectly), accounting for 7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.4 million – are in the automotive sector.
- Motor vehicles are responsible for €374.6 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €79.5 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.