Passenger car: registrations down 1.2% from January to October
Brussels, 16/11/2011 – In October, new car registrations in the EU* decreased by 1.8%, totaling 1,005,976 units
Brussels, 16/11/2011 – In October, new car registrations in the EU* decreased by 1.8%, totaling 1,005,976 units. From January to October, the region* recorded 11,126,436 new cars, or 1.2% less than in the first ten months of 2010.
In October, the French and British markets performed similarly, posting a 2.4% and 2.6% growth respectively. Demand in Germany, the largest market, remained stable (+0.6%), while results in Italy (-5.5%) and Spain (-6.7%) were negative, leading to an overall 1.8% decline in new registrations.
From January to October, Germany was the only major market to post significant growth (+9.8%). France saw its demand slightly increase by 0.4%, while the UK (-4.5%), Italy (-10.8%) and Spain (-19.7%) all faced a downturn. The EU* recorded in total 11,126,436 new cars ten months into the year, which is 1.2% less than in the same period last year.
* EU27, data for Cyprus and Malta unavailable
- 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