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 15 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, 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
- 14.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.7 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 €74 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.