Passenger car registrations: +5.8% first two months of 2018; +4.3% in February
Brussels, 15 March 2018 – In February 2018 the EU passenger car market grew by 4.3%, with new registrations totalling 1,125,397. In volume terms, last month saw the best February results since 2008.
In February 2018 the EU passenger car market grew by 4.3%, with new registrations totalling 1,125,397. In volume terms, last month saw the best February results since 2008. Nearly all major EU markets posted growth, except for the United Kingdom (-2.8%) – where car sales declined for the 11th consecutive month – and Italy (-1.4%). Spain (+13.0%) recorded the strongest gains, followed by Germany (+7.4%) and France (+4.3%).
From January to February 2018, demand for new cars increased by 5.8% in the European Union, counting 2,378,965 units in total. Momentum is starting to slow down in certain markets, especially in the United Kingdom (-5.1%). However, passenger car registrations continued to grow in Spain (+16.4%), Germany (+9.5%) and France (+3.4%) during the first two months of 2018.
- The European Automobile Manufacturers’ Association (ACEA) represents the 14 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, Toyota Motor Europe, Volkswagen Group, 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, Senior Statistics Manager, firstname.lastname@example.org.
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About the EU automobile industry
- 13.0 million Europeans work in the automotive sector
- 11.5% of all manufacturing jobs in the EU
- €374.6 billion in tax revenue for European governments
- €79.5 billion trade surplus for the European Union
- Almost 8% of EU GDP generated by the auto industry
- €58.8 billion in R&D spending annually, 32% of EU total