Passenger car: registrations up 0.9% in February

Brussels, 16/03/2011 – In February, demand for new cars slightly increased (+0.9%) in the EU*, with a majority of markets expanding

Brussels, 16/03/2011 – In February, demand for new cars slightly increased (+0.9%) in the EU*, with a majority of markets expanding. In total, 981,429 new cars were registered in the month, which counted on average the same number of working days across the region compared to February 2010.

Two months into the year, new car registrations slipped by 0.3%, amounting to 2,023,133 units.

In February, the EU* recorded 0.9% more cars than in the same month last year. While most countries posted growth, ranging from +1.2% in Poland to 112.6% in Lithuania, five recorded a downturn, including major markets such as the UK (-7.7%), Italy (-20.5%) and Spain (-27.6%). The two remaining major markets posted growth, with registrations up 13.2% in France and 15.2% in Germany. Portugal and Greece saw their markets contract by 12.7% and 49.1% respectively.

From January to February, demand for new cars in the EU* remained level (-0.3%) compared to the first two months of last year. A majority of markets performed better that in the same period a year ago though three of the five largest faced a double-digit downturn. The UK shrank by 10.2%, Italy by 20.5% and Spain by 25.8%. Poland (-4.2%), Portugal (-11.0%) and Greece (-58.5%) also saw their markets contract. Elsewhere, growth ranged from 1.9% in Luxembourg to 114.5% in Estonia.

* EU27, data for Cyprus and Malta unavailable

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About ACEA

  • 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, fp@acea.auto.

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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.
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