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 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.