Passenger car: weak year start in Germany contrasts with upswing markets in new EU Member States

In January 2007, passenger car registrations increased by +1.1% across Europe to reach 1,285,104 units registered in total.

Please find the full press release attached for more details.

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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

  • 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.
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