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 15 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, 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.
Interested in ACEA press releases?
Receive them directly in your inbox!
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.