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ACEA:Passenger car registrations: +25.2% first half of 2021; +10.4% in June
*In June 2021, passenger car registrations in the European Union increased again (+10.4%) compared to the same month last year, albeit at a more modest rate than in previous months, European Automobile Manufacturers’ Association (ACEA)informs.
In June 2021, passenger car registrations in the European Union increased again (+10.4%) compared to the same month last year, albeit at a more modest rate than in previous months. Looking at the major EU car markets, Germany posted the biggest gain with a 24.5% increase, followed by Spain (+17.1%) and Italy (+12.6%). In France, by contrast, passenger car sales contracted (-14.7%) in June. In this case, the Romanian car market registered an advance above the European average, 16.7%, with 11,853 cars registered.
Over the first half of 2021, EU demand for new cars grew by 25.2% to reach almost 5.4 million units registered in total. However, this is still 1.5 million units below the pre-COVID volume recorded over the first six months of 2019. The region’s 27 markets posted rather similar results so far this year, with strong year-on-year gains seen in most countries, including the four major ones: Italy (+51.4%), Spain (+34.4%), France (+28.9%) and Germany (+14.9%). On the other hand, the Romanian car market registered a contraction of 4.9% in the first half of this year, being registered only 47,169 cars.
About the EU automobile industry
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14.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.7% of all EU jobs.
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11.5% of EU manufacturing jobs – some 3.7 million – are in the automotive sector.
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Motor vehicles are responsible for €398.4 billion of tax revenue for governments across key European markets.
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The automobile industry generates a trade surplus of €74 billion for the EU.
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The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
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Investing €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.