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
- 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, firstname.lastname@example.org
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About the EU automobile industry
- 12.9 million Europeans work in the automotive sector
- 8.3% of all manufacturing jobs in the EU
- €392.2 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