Passenger car registrations: +6.8% in 2016; +3.0% in December
Brussels, 17 January 2017 – In December 2016, the EU passenger car market posted growth (+3.0%), amounting to 1,143,653 units sold. In volume terms, this result marked the highest December total on record.
In December 2016, the EU passenger car market posted growth (+3.0%), amounting to 1,143,653 units sold. In volume terms, this result marked the highest December total on record. Looking at the five major EU markets, Italy (+13.1%) and Spain (+9.3%) posted the highest gains last month, followed by France (+5.8%) and Germany (+3.7%), which also performed better than in December 2015. Demand for new cars in the UK (-1.1%) dropped slightly.
In 2016, new passenger car registrations showed a consistent increase (+6.8%), totalling 14,641,356 units and marking the third consecutive year of growth in the sector. This positive trend is a sign that despite political instability and economic uncertainty following key events in 2016, such as Brexit or the Italian referendum, consumer confidence has remained robust. The growth recorded throughout the year was largely sustained across the whole region and in all major passenger car markets. Italy (+15.8%) and Spain (+10.9%) had the strongest growth in demand during the year, followed by France (+5.1%), Germany (+4.5%) and the UK (+2.3%).
* Data for Malta not available
- The European Automobile Manufacturers’ Association (ACEA) represents the 14 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, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, 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, Senior Statistics Manager, email@example.com
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About the EU automobile industry
- 12.9 million Europeans work in the automotive sector
- 8.3% of all manufacturing jobs in the EU
- €392.2 billion in tax revenue for European governments
- €101.9 billion trade surplus for the European Union
- Over 7% of EU GDP generated by the auto industry
- €59.1 billion in R&D spending annually, 31% of EU total