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
- 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, firstname.lastname@example.org.
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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.