Passenger car registrations: +7.0% over two months; +7.3% in February
Brussels, 17 March 2015 – In February 2015, EU* passenger car registrations recorded growth for the eighteenth consecutive month (+7.3%), reaching 924,440
In February 2015, EU* passenger car registrations recorded growth for the eighteenth consecutive month (+7.3%), reaching 924,440. All major markets contributed positively to the overall expansion, especially Spain (+26.1%), Italy (+13.2%) and the UK (+12.0%) posting double-digit growth, followed by Germany (+6.6%) and France (+4.5%).
From January to February 2015, new passenger car registrations increased by 7.0%, totalling almost 2 million units (1,923,484). Most major markets posted growth, contributing to the overall upturn of the EU market. Germany (+4.6%), France (+5.3%), the UK (+8.3%), Italy (+12.3%) and Spain (+26.7%) increased over this period.
- 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.