Passenger car registrations: +5.7% over eleven months; +1.4% in November
Brussels, 16 December 2014 – In November, EU* passenger car registrations recorded moderate growth (+1.4%) on a year earlier, reaching 953,886 units sold and marking the fifteenth consecutive month of growth
In November, EU* passenger car registrations recorded moderate growth (+1.4%) on a year earlier, reaching 953,886 units sold and marking the fifteenth consecutive month of growth. Looking at the largest markets, the demand increase was mainly led by the significant growth recorded in Spain (+17.4%), followed by the UK (+8.0%), and Italy (+5.0%), while Germany (-1.8%) and France (-2.7%) recorded a slight decline. Substantial growth posted by the new EU member states (+5.5%) partially explains last month’s positive outcome.
From January to November, 11,600,383 new passenger were registered in the EU, or 5.7% more than in the same period last year. Looking at the largest markets, France remained stable (+1.1%), while Germany (+2.6%), Italy (+4.3%) and the UK (+9.4%) expanded. Spain (+18.1%) posted double‐digit growth.
* Data for Malta n.a.
- 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.