Passenger car registrations: +6.9% over five months; +4.5% in May
Brussels, 17 June 2014 – In May 2014, demand for new passenger cars in the EU* increased for the ninth consecutive month, with a rise of 4.5% in registrations
In May 2014, demand for new passenger cars in the EU* increased for the ninth consecutive month, with a rise of 4.5% in registrations. However, in absolute figures, the total of 1,093,448 units registered marked the second lowest result to date for a month of May since ACEA began the series in 2003 with the enlarged EU.
Five months into the year, new passenger car registrations increased by 6.9%, totalling 5,431,921 units.
In May 2014, Italy was the only major market to face a downturn (-3.8%). All other significant markets contributed positively to the overall 4.5% expansion of the EU* market, with growth ranging from +0.3% in France, +5.2% in Germany, +7.7% in the UK to +16.9% in Spain.
From January to May, all major markets posted growth, contributing to the overall 6.9% upturn of the EU* market. The increase in passenger car registrations in this period ranged from 3.0% in France, 3.2% in Italy, 3.4% in Germany to 11.6% in the UK and 16.3% in Spain.
* EU28, data for Malta unavailable
- 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
- 13.0 million Europeans work in the automotive sector
- 11.5% of all manufacturing jobs in the EU
- €374.6 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