Passenger car registrations: +7.2% over ten months; -0.02% in October
Brussels, 17 November 2016 – In October 2016, European passenger car registrations fell slightly (-0.02%), totalling 1,104,506 units.
In October 2016, European passenger car registrations fell slightly (-0.02%), totalling 1,104,506 units. Results were diverse among the major markets, with Italy (+9.7%), Spain (+4.0%) and the United Kingdom (+1.4%) posting growth, while Germany (-5.6%) and France (-4.0%) performed less well than one year ago.
Over the first ten months of 2016, car registrations in the EU totalled 12,348,502 units, an increase of 7.2%. All five major markets positively contributed to overall growth during this period. Italy (+16.7%) and Spain (+10.8%) showed the highest gains, followed with more modest rates by Germany (+4.9%), France (+4.7%) and the UK (+2.5%).
* Data for Malta not available
- 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.
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About the EU automobile industry
- 12.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.6% 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 €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.