ACEA President Zetsche revises 2016 car sales forecast to +5%
Brussels, 2 June 2016 – On the occasion of its 25th anniversary General Assembly meeting in Berlin yesterday, the European Automobile Manufacturers’ Association (ACEA) revised its forecast for 2016 car registrations upwards from its initial January forecast of 2% growth.
“Looking ahead, we now forecast growth for EU passenger car sales in the region of 5% this year. Commercial vehicle sales should also grow substantially,” stated ACEA President, Dieter Zetsche. In terms of units, this would mean over 14 million cars sold.
“It’s important to note that we are still below pre-crisis level of 15.5 million units,” Zetsche cautioned. “We need political partners who continue to stand by the principles of free trade and are determined to safeguard the positive momentum of our industry. Everyone at ACEA is determined to accelerate it.”
Notes for editors
- Launched yesterday in Berlin, the 2016-2017 edition of the Automobile Industry Pocket Guide is now available at http://www.acea.be/publications/article/acea-pocket-guide
- 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: Cara McLaughlin, Communications Director, firstname.lastname@example.org, +32 485 88 66 47.
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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.