Passenger car registrations: +8.1% over eight months; +10.0% in August
Brussels, 15 September 2016 – In August 2016, the European passenger car market posted strong growth figures (+10.0%), with registrations totalling 819,126 units.
In August 2016, the European passenger car market posted strong growth figures (+10.0%), with registrations totalling 819,126 units. An impressive performance, considering that August normally is one of the weakest months of the year in volume terms due to the summer holidays. These positive August results followed a (-1.4%) decline in July, when a continuous streak of 34 months of consecutive growth came to an end. Among the major markets, Italy (+20.1%) and Spain (+14.6%) recorded the highest percentage gains, followed by Germany (+8.3%), France (+6.7%) and the United Kingdom (+3.3%) – all of which performed better than in August 2015.
Over the first eight months of 2016, new passenger car registrations increased by 8.1% in the EU, reaching 9,787,760 units. All major markets posted growth, contributing to the overall upturn of the European market. The Italian (+17.4%) and Spanish (+11.3%) car markets saw double-digit growth over the period, followed by France (+6.1%), Germany (+5.7%) and the UK (+2.8%).
* Data for Malta not available
- The European Automobile Manufacturers’ Association (ACEA) represents the 14 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, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, 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, Senior Statistics Manager, email@example.com.
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About the EU automobile industry
- 13.0 million Europeans work in the automotive sector
- 11.5% of all manufacturing jobs in the EU
- €374.6 billion in tax revenue for European governments
- €101.9 billion trade surplus for the European Union
- Over 7% of EU GDP generated by the auto industry
- €59.1 billion in R&D spending annually, 31% of EU total