Passenger car registrations: +6.6% over two months; +8.0% in February
Brussels, 18/03/2014 – In February 2014, demand for new passenger cars in the EU* increased for the sixth consecutive month, with a rise of 8.0% in registrations
In February 2014, demand for new passenger cars in the EU* increased for the sixth consecutive month, with a rise of 8.0% in registrations. However, in absolute figures, the total of 861,058 units registered marked the second lowest result to date for a month of February since ACEA began the series in 2003 with the enlarged EU.
From January to February, new passenger car registrations increased by 6.6%, totalling 1,796,787 units.
In February 2014, France was the only major market to face a downturn (-1.4%). All other significant markets contributed positively to the overall 8.0% expansion of the EU* market, with growth ranging from +3.0% in the UK, +4.3% in Germany, +8.6% in Italy to +17.8% in Spain.
Two months into the year, most major markets posted growth contributing to the overall 6.6% upturn of the EU* market. Demand for new passenger cars increased by 5.7% in Germany, 6.0% in Italy, 6.1% in the UK and 13.1% in Spain. France (-0.5%) was the only significant market where new passenger car registrations declined in this period.
* EU28, data for Malta unavailable
- 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.
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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.