Passenger car registrations: +6.2% first two months of 2017; +2.2% in February
Brussels, 16 March 2017 – In February 2017, EU demand for passenger cars increased only modestly (+2.2%), especially when compared to January’s double-digit figures. February registrations totalled 1,078,490 units.
In February 2017, EU demand for passenger cars increased only modestly (+2.2%), especially when compared to January’s double-digit figures. February registrations totalled 1,078,490 units. In volume terms, however, this result comes close to February 2008 levels, just before the economic crisis hit the automotive industry. Among the major markets, France (-2.9%), Germany (-2.6%) and the UK (-0.3%) performed less well than last February, partially due to the fact that February 2017 had one working day less. Only Italy (+6.2%) and Spain (+0.2%) saw demand increase during the month. Noteworthy was the performance of the new EU member states (+15.9%), which positively contributed to the results of the region.
From January to February 2017, new passenger car registrations increased by 6.2%, totalling 2,248,022 units. Italy (+8.1%), Spain (+4.8%), Germany (+3.5%), France (+3.2%) and the United Kingdom (+1.8%) all saw their markets grow during the first two months of the year, contributing to the overall upturn of the EU market.
* Data for Malta not available on a monthly basis
- 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.