Passenger car registrations: +8.7% over eleven months; +13.7% in November
Brussels, 15 December 2015 – In November 2015, the EU passenger car market recorded a very strong increase (+13.7%), marking the 27th consecutive month of growth and totalling 1,085,259 units.
In November 2015, the EU passenger car market recorded a very strong increase (+13.7%), marking the 27th consecutive month of growth and totalling 1,085,259 units. All major passenger car markets rose strongly during the month, significantly contributing to the positive outcome of the EU perimeter. Spain (+25.4%), Italy (+23.5%) and France (+11.3%) posted double-digit percentage gains, followed by Germany (+8.9%) which also performed better than in November 2014. The UK market recovered in November (+3.8%) as well, after showing decline in October.
Over eleven months in 2015, new passenger car registrations increased (+8.7%), reaching 12,603,855 units and surpassing 2014 full year volumes. Nevertheless, this result is only now reaching the levels registered in immediate post-crisis years.
All major markets sustained the overall upturn, with Spain (+20.9%) and Italy (+15.5%), posting double-digit growth, followed by the UK (+6.2%), France (+6.2%) and Germany (+5.4%).
* Data for Malta not available
- 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, email@example.com.
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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.