Passenger car registrations: +4.5% over eight months; +5.6% in August
Brussels, 14 September 2017 – In August 2017, passenger car registrations increased by 5.6% across the EU, totalling 865,047 units.
In August 2017, passenger car registrations increased by 5.6% across the EU, totalling 865,047 units. In volume terms, last month’s figures topped those of August 2008 – marking the European market’s best performance in a decade. Among the five big markets, Italy (+15.8%) and Spain (+13.0%) posted the strongest increases, followed by France and Germany (+9.4% and +3.5% respectively), while demand for cars declined in the United Kingdom (-6.4%).
From January to August 2017, demand for passenger cars maintained momentum throughout Europe. With more than 10 million new vehicles registered across the EU, registrations went up by 4.5% compared to the same period last year. Italy (+9.1%), Spain (+6.9%), France (+4.2%) and Germany (+2.9%) saw demand increase so far in 2017, while the UK registered a slight decline (-2.4%). The new EU member states performed particularly well (+14.3%), making a significant contribution to the region’s results.
- 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
- 12.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.6% 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 €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.