Passenger car registrations: +6.6% nine months into 2021; -23.1% in September
Brussels, 15 October 2021 – In September 2021, demand for new passenger cars in the EU shrank by 23.1% to 718,598 units, marking the lowest number of registrations for a month of September since 1995.
In September 2021, European Union passenger car registrations continued their decline. Demand in the region shrank by 23.1% to 718,598 units, marking the lowest number of registrations for a month of September since 1995. This decrease in sales was largely caused by a lack of supply of vehicles due to the ongoing semiconductor shortage. Last month’s weak performance was replicated at a country level, with all major EU markets recording double-digit declines: Italy (-32.7%), Germany (-25.7%), France (-20.5%) and Spain (-15.7%).
Over the first three quarters of 2021, car registrations across the EU climbed 6.6% to reach 7.5 million units, as significant gains earlier in the year helped to keep cumulative volumes in positive territory. Looking at the largest EU markets, Italy posted the highest increase so far (+20.6%), followed by Spain (+8.8%) and France (+8.0%). By contrast, the German car market slipped back into negative territory (-1.2%).
- 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
- 12.7 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.5% 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 €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.