Passenger car registrations: +6.8% over five months; +1.3% in May
Brussels, 16 June 2015 – In May 2015, demand for new passenger cars in the EU increased for the twenty-first consecutive month (+1.3%), totalling 1,109,893 units.
In May 2015, demand for new passenger cars in the EU increased for the twenty-first consecutive month (+1.3%), totalling 1,109,893 units. However, it was the lowest percentage increase since the beginning of this period of consecutive growth.
Looking at the major markets, results were diverse: France (-3.5%) and Germany (-6.7%) faced a downturn, while Spain (+14.0%), Italy (+10.8%) and the UK (+2.4%) contributed positively to the overall expansion. Demand for new passenger cars was largely supported by the EU’s new member states (EU12), especially Poland (+11.0%) and the Czech Republic (+17.6%).
Five months into the year, new passenger car registrations increased (+6.8%) totalling 5,805,367 units. All major markets posted growth, contributing to the overall upturn of the EU market over the period. Registrations in Spain (+21.7%), Italy (+15.2%), the UK (+5.7%), France (+3.8%) and Germany (+3.6%) increased compared to the same period one year ago.
- 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.