Passenger car: registrations drop by 9.7% in February 2012
Brussels, 15/03/2012 – In February, new car registrations were down by 9.7% in the EU*, compared to February 2011, totaling 888,878 units
Brussels, 15/03/2012 – In February, new car registrations were down by 9.7% in the EU*, compared to February 2011, totaling 888,878 units. In the region, the month counted on average one more working day than last year.
In the first two months of 2012, the EU* recorded 1,858,066 new cars, or 8.3% less than in the same period a year earlier.
In February, demand for new cars dropped in all major markets, except Germany where registrations remained stable (-0.0%). Spain (-2.1%), the UK (-2.5%), Italy (-18.9%) and France (-20.2%) all saw their markets shrink.
From January to February, downturn prevailed in the EU*. While results in Spain (-0.1%), Germany (-0.2%) and the UK (-0.8%) were slightly negative, Italy (-17.8%) and France (-20.5%) recorded double-digit drops.
* 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, firstname.lastname@example.org.
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About the EU automobile industry
- 12.7 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.5 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 €76.3 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.