Passenger car registrations: +8.4% in first quarter; +10.6% in March
Brussels, 17/04/2014 – In March 2014, demand for new passenger cars in the EU increased for the seventh consecutive month, with a rise of 10.6% in registrations
In March 2014, demand for new passenger cars in the EU* increased for the seventh consecutive month, with a rise of 10.6% in registrations. However, in absolute figures, the total of 1,449,148 units registered marked the second lowest result to date for a month of March since ACEA began the series in 2003 with the enlarged EU.
In the first quarter of 2014, new passenger car registrations increased by 8.4%, totalling 3,246,719 units.
In March 2014, all major markets contributed positively to the overall 10.6% expansion of the EU* market. The UK (+17.7%) and Spain (+10.0%) recorded double-digit growth, while France (+8.5%), Germany (+5.4%) and Italy (+5.0%) also saw their demand for passenger cars increase in the month of March.
Three months into the year, all major markets posted growth, contributing to the overall 8.4% upturn of the EU* market. The increase in passenger car registrations in this period ranged from 2.9% in France, 5.6% in Germany, 5.8% in Italy to 11.8% in Spain and 13.7% in the UK.
* EU28, data for Malta unavailable
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About ACEA
- 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, fp@acea.auto.
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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
