Passenger car registrations: +7.1% over 11 months; +5.8% in November
Brussels, 15 December 2016 – In November 2016, the EU passenger car market managed to rebound following the slowdown observed in October, with new registrations totalling 1,148,618 units (+5.8%).
In November 2016, the EU passenger car market managed to rebound following the slowdown observed in October, with new registrations totalling 1,148,618 units (+5.8%). Growth was supported by all major markets, with Spain (+13.5%), France (+8.5%) and Italy (+8.2%) posting the strongest gains, while the UK (+2.9%) and Germany (+1.5%) followed with more modest figures.
After 11 months, 2016 passenger car registrations in the EU totalled 13.5 million units, a 7.1% increase. All five big markets contributed positively to overall growth during this period. Double-digit increases were recorded in Italy (+16.5%) and Spain (+11.1%), followed by France (+5.0%), Germany (+4.6%) and the United Kingdom (+2.5%).
* 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.