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.

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About ACEA

  • The European Automobile Manufacturers’ Association (ACEA) represents the 15 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, JLR, Mercedes-Benz, Nissan, 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, fp@acea.auto

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About the EU automobile industry

  • 12.9 million Europeans work in the automotive sector
  • 8.3% of all manufacturing jobs in the EU
  • €392.2 billion in tax revenue for European governments
  • €101.9 billion trade surplus for the European Union
  • Over 7% of EU GDP generated by the auto industry
  • €59.1 billion in R&D spending annually, 31% of EU total
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