Passenger car registrations: +5.3% five months into 2017; +7.6% in May
Brussels, 16 June 2017 – In May 2017, passenger car registrations across the EU increased by 7.6% to 1,386,818 units.
In May 2017, passenger car registrations across the EU increased by 7.6% to 1,386,818 units. In volume terms, this result comes close to May 2007 levels, just before the economic crisis hit the auto industry. The five big markets performed very well last month, except for the United Kingdom. Germany (+12.9%) and Spain (+11.2%) posted the highest percentage gains, followed by France (+8.9%) and Italy (+8.2%). The UK market, on the other hand, recorded a decline in car registrations in May (-8.5%).
From January to May 2017, demand for passenger cars grew throughout the EU (+5.3%), with 6,719,209 units registered in total. Italy (+8.1%), Spain (+7.3%), Germany (+4.7%) and France (+3.3%) all saw their markets grow over the first five months of the year, while the United Kingdom registered a slight decline (-0.6%).
- 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.