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 16 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, 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
- 12.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.6% 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 €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.