Passenger car registrations: +7.1% in January 2018
Brussels, 15 February 2018 – In January 2018, demand for passenger cars in the European Union grew significantly (+7.1%) compared to January last year – benefitting from a positive calendar effect.
In January 2018, demand for passenger cars in the European Union grew significantly (+7.1%) compared to January last year – benefitting from a positive calendar effect. New car registrations amounted to 1,253,877 units during the first month of the year.
Nearly all major EU car markets posted growth, except for the United Kingdom (-6.3%), which saw car sales decline for the tenth consecutive month. Spain (+20.3%) and Germany (+11.6%) recorded the strongest gains, followed by Italy (+3.4%) and France (+2.5%).
- The European Automobile Manufacturers’ Association (ACEA) represents the 15 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, 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.
Interested in ACEA press releases?
Receive them directly in your inbox!
About the EU automobile industry
- 14.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.7 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 €74 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.