Passenger car: robust first half 2007 registrations in new member states limit EU market decline
Brussels, 13/07/2007 – With 1,543,770 new cars registered in June 2007, the European market for new cars was slightly better off (+0.7%) than in June last year. Over the first six months of 2007, the EU decline in new car registrations has been dampened (–0.2%) by a solid increase in the new member states (+14.8%).
Robust first half 2007 registrations in new member states limit EU market decline
Brussels, 13/07/2007 – With 1,543,770 new cars registered in June 2007, European* (EU27+EFTA) market for new cars was slightly better off (+0.7%) compared to June last year. This mere upturn came as a result of the new EU members’ surplus (+19,360 units, +21.1%) exceeding West European loss (–8,380 units, –0.6%). Although 14 countries had one working day less, the calendar effect seems to be limited. Over the first six months of 2007, the EU decline in new car registrations has been moderated (–0.2%) by a solid increase in the new member states (+14.8%). As regards the situation on the main markets, Italy (+8%) and the UK (+1.5%) were the most successful in June 2007. German new car registrations, still affected by VAT increase in January this year, further declined by –7%. France (–3.2%) and Spain (–1.8%) also slowed down. Results of the remaining EU15 countries were mixed: half of them enjoyed growth, with Belgium (+8.4%), the Netherlands (+7.9%) and Portugal (+6.6%) at the top.
First semester cumulative figures confirmed an upward trend in Italian and British registrations (+6.5% and +2%, respectively) while Spain (–1.6%), France (–2.6%) and Germany (–9.2%) saw their results deteriorate.
New EU member states showed a robust performance during the first half of 2007 (+14.8%). In June, they reached a remarkable +21.1% growth, with Romania, Baltic countries and Poland leading the way (+56.1%, +33.7% and +23%, respectively). Apart from Hungary (–11.5%) and Slovakia (–1.5%), all remaining countries saw their first half-year results strongly improve with regards to January-June 2006.
* Please note that the ACEA press release on new passenger car registrations in Europe includes figures from Romania and Bulgaria Content available in attachment
- 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
- 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.