Passenger car registrations: -7.3% over ten months; -4.8% in October
Brussels, 16/11/2012 – In October, the EU market of new passenger cars continued to shrink, although at a slightly slower pace than in the previous months
Brussels, 16/11/2012 – In October, the EU* market of new passenger cars continued to shrink, although at a slightly slower pace than in the previous months. It totaled 959,412 cars, or 4.8% less than in October last year.
From January to October, new car registrations amounted to 10,327,276 units, or 7.3% less in than in the first ten months of 2011.
Results in October were diverse across countries, leading to an overall 4.8% downturn in the EU*. While the German market remained quite stable (+0.5%), the UK expanded by 12.1%. France (-7.8%), Italy (-12.4%) and Spain (-21.7%) performed worse than in the same month a year ago.
From January to October, the UK was the only major market to post growth (+5.0%). The German (-1.6%) slightly contracted, while Spain (-11.9%), France (-13.3%) and Italy (-19.7%) faced a double-digit downturn. Overall, new car registrations were down 7.3% ten months into the year, compared to the same period a year earlier.
* EU27, data for Malta unavailable
- 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
- 13 million Europeans work in the auto industry (directly and indirectly), accounting for 7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.4 million – are in the automotive sector.
- Motor vehicles are responsible for €374.6 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €79.5 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.