Passenger car: registrations down 2.3% in first quarter 2011
Brussels, 19/04/2011 – In March, a total of 1,558,915 new cars was registered in the EU*, or 5.0% less than in March last year.
Brussels, 19/04/2011 – In March, a total of 1,558,915 new cars was registered in the EU*, or 5.0% less than in March last year. The month counted on average the same number of working days across the region in 2010 and 2011.
Over the first quarter, demand for new cars decreased by 2.3%, with 3,583,185 units registered.
March results were diverging in the EU*, leading to an overall 5.0% decrease in new car registrations. Looking at the major markets, France (+6.1%) and Germany (+11.4%) posted growth while the UK (-7.9%), Italy (-27.6%) and Spain (-29.1%) faced a downturn. In absolute figures, the UK recorded the most vehicles (366,101), followed by Germany (327,921) and France (257,533).
From January to March, although most markets expanded, prominent ones such as the British (-8.7%), the Italian (-23.1%) and the Spanish (-27.3%) recorded losses, which resulted in a 2.3% downturn across the region*. The steepest fall was noted in Greece (-57.4%) and the largest growth recorded in Latvia (+131.7%). The Latvian market remained however the smallest (1,902 units) while Germany registered the most vehicles (763,403) over the first quarter.
* 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