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 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, firstname.lastname@example.org.
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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.