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Latest Auto Industry Data Released: ACEA 2017 European Car Sales Forecast is Revised UpwardsBack

The European Automobile Manufacturers’ Association (ACEA) has published the latest data on the EU automotive sector and revised its forecast for 2017 car registrations upwards to +1.5-2%.

The recently published 2017-2018 edition of the Automobile Industry Pocket Guide contains up-to-date figures on automotive employment and trade, innovation, the environmental performance of the sector, as well as vehicle production, registration, use and taxation. The guide provides a clear and complete overview of one of Europe’s most important industries.

The ACEA document shows that more than 12.5 million Europeans now work directly or indirectly in the automotive sector, representing 5.7% of total EU employment. Passenger car production increased by 2.7% in 2016, totalling 16.5 million units – almost reaching the 2007 pre‐crisis level of 16.6 million cars.

Looking at the retail side of the industry, after six years of decline which followed the crisis, European new car sales are on an upward trend. Last year sales grew by 6.8%, bringing the total number of cars sold to 14.6 million units (the highest volume in nine years). In 2017, the ACEA expects a slowdown going forward, with growth levels of 1.5-2%.

Positively, this represents a slight upward revision from ACEA’s initial January forecast of about 1% growth.

“Despite the positive trends reflected in our Pocket Guide, uncertainty is expected to overshadow our sector in the years to come. We therefore urge the EU to continue its efforts to safeguard the competitiveness of our industry and ensure fair access to the global market place,” said Erik Jonnaert, ACEA Secretary General.

Jonnaert added, “At the same time, our industry remains committed to addressing tomorrow’s challenges, by investing in innovative mobility solutions which are cleaner, safer and smarter. This is also reflected in manufacturers’ ongoing efforts to reduce their environmental footprint.”

Total CO2 emissions from car production have remained stable despite a substantial increase in production volume as CO2 emissions per car produced dropped by 25.8% between 2007 and 2016. Although car production has been growing since 2013, but manufacturers have been able to decouple CO2 emissions, energy consumption, water usage and waste generation from production growth.

ACEA facts about the EU automobile industry

  • 6 million people – or 5.7% of the EU employed population – work in the sector.
  • The 3.3 million jobs in automotive manufacturing represent almost 11% of EU manufacturing employment.
  • Motor vehicles account for almost €396 billion in tax contributions in the EU15.
  • The sector is also a key driver of knowledge and innovation, representing Europe’s largest private contributor to R&D, with more than €50 billion invested annually.
  • The automobile industry generates a trade surplus of about €90 billion for the EU.

Posted by Sue Robinson on 16/06/2017