Passenger car registrations: -7.6% over 11 months; -10.3% in November
Brussels, 14/12/2012 – In November, demand for new cars was down for the fourteenth consecutive month in the EU*, dropping by 10.3% compared with November 2011 which counted on average the same number of working days in the region
Brussels, 16/11/2012 – In November, demand for new cars was down for the fourteenth consecutive month in the EU*, dropping by 10.3% compared with November 2011 which counted on average the same number of working days in the region. In total, 926,486 new cars were registered.
From January to November, the EU* recorded 11,255,094 new cars, or 7.6% less than in the same period a year ago.
New car registrations in November were up 11.3% in the UK, while declining in all other significant markets: -3.5% in Germany, -19.2% in France, -20.1% in Italy and -20.3% in Spain. A vast majority of markets contracted, leading to an overall 10.3% downturn in the EU*, which totaled 926,486 new cars.
From January to November, the picture was somewhat similar, with the UK being the only major market to expand (+5.4%) and Germany (-1.7%), Spain (-12.6%), France (-13.8%) and Italy (-19.7%) all contracting. Over eleven months, demand for new cars in the EU* fell by 7.6%, amounting to 11,255,094 units, a historical low since 1993.
* 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
- 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.