Passenger car registrations: +6.1% over ten months; +6.5% in October
Brussels, 18 November 2014 – In October, in the EU passenger car registrations increased (+6.5%) from a year earlier to 1,072,837 units sold, marking the fourteenth consecutive month of growth
In October, in the EU1 passenger car registrations increased (+6.5%) from a year earlier to 1,072,837 units sold, marking the fourteenth consecutive month of growth. Substantial growth prevailed in most major markets, Spain (+26.1%), the UK (+14.2%), Italy (+9.2%) and Germany (+3.7%), leading to an upturn (+6.5%) across the region as a whole1. Only France recorded a slight decline (-3.8%) over the same month a year ago.
From January to October, new passenger car registrations in the EU1 totalled 10,645,907 units over the period. The EU1 market for passenger cars increased (+6.1%) compared to the first ten months of 2013, mainly led by the significant growth recorded in Spain (+18.1%) and in the UK (+9.5%). Likewise Italian (+4.2%), German (+3%) and French (+1.4%) markets expanded.
1Data 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
- 13 million Europeans work in the auto industry (directly and indirectly), accounting for 7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.4 million – are in the automotive sector.
- Motor vehicles are responsible for €374.6 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €79.5 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.