Passenger car registrations: +4.7% during first half of 2017; +2.1% in June
Brussels, 14 July 2017 – In June 2017, passenger car registrations increased only modestly (+2.1%) across the EU, totalling about 1.5 million units.
In June 2017, passenger car registrations increased only modestly (+2.1%) across the EU, totalling about 1.5 million units. In volume terms, however, last month’s figures come very close to those from June 2007, just before the automotive industry was hit by the economic crisis – thus marking the market’s best performance in a decade. Results among the five big markets were rather diverse, with Italy (+12.9%) and Spain (+6.5%) performing very well, while the UK and Germany saw registrations decline (-4.8% and -3.5% respectively). Noteworthy was the strong performance of the new EU member states (+12.0%), making a significant contribution to region’s results.
Over the first half of 2017, EU demand for passenger cars grew (+4.7%), with more than 8 million new vehicles registered. Italy (+8.9%), Spain (+7.1%), Germany (+3.1%) and France (+3.0%) saw their demand increase, while the United Kingdom registered a slight decline (-1.3%).
- 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
- 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.