Passenger car registrations: down 7.1% in first month of 2012
Brussels, 16/02/2012 – In January, demand for new cars dropped by 7.1% in the EU*, compared to the same month a year earlier
Brussels, 16/02/2012 – In January, demand for new cars dropped by 7.1% in the EU*, compared to the same month a year earlier. In total, 968,769 new registrations were recorded in the region*, with on average one more working day than in January 2011. Registrations varied per market: France (-20.7%) and Italy (-16.9%) recorded a double-digit downturn, while Spain posted a 2.5% growth. The German (-0.4%) and British (-0.0%) markets remained stable. The biggest contraction was noted in Portugal (-47.4%) and the largest increase in Romania (+86.4%).
* EU27, 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, email@example.com.
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About the EU automobile industry
- 13 million Europeans work in the auto industry (directly and indirectly), accounting for 7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.4 million – are in the automotive sector.
- Motor vehicles are responsible for €374.6 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €79.5 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.