ACEA has published its Economic and Market Report for the second quarter of 2018, with the latest figures on the registration, production and trade of passenger cars and commercial vehicles, both in Europe and around the world.
This 29-page Economic and Market Report contains a wealth of information and can be downloaded by clicking here. Some of the report’s key takeaways include:
Passenger car registrations
- During the first half of 2018, the EU car market grew by 2.9%.
- Half-year car volumes in the United States went up by 1.4%.
- Chinese car sales rose by 6.1% from January to June 2018.
- 40.4 million cars were sold worldwide, 3.7% more than in 2017.
Passenger car registrations by fuel type
- In the first half of 2018, more than 56% of all new cars in the EU ran on petrol.
- Only one out of every 60 cars sold across the EU was electrically-chargeable.
Passenger car production
- EU car output increased modestly (+1.6%) in the first six months of 2018.
- US car production decreased by 2.7% so far this year.
- After a moderate start, car production picked up momentum in China (+4.8%).
Exports of passenger cars
- Six months into the year, the value of EU passenger car exports to China (+7.1%), Japan (+5.6%) and South Korea (+37.8%) strongly increased.
- By contrast, exports to the United States declined by 8.7% so far this year.
Commercial vehicle registrations
- During the first half of 2018, the EU market for commercial vehicles expanded by 4.7%
- Demand in the United Kingdom contracted by 3.5% so far this year.
Commercial vehicle production
- European commercial vehicle production is expected to increase by 3.2% in 2018.
- Chinese output is estimated to fall by 8.3% in 2018, as domestic demand remains stagnant.
Exports of commercial vehicles
- Six months into the year, the European Union exported 342,856 commercial vehicles, or 34.9% more than in the same period a year ago.
- So far in 2018, commercial vehicles generated a trade surplus of €1.2 billion for the EU.
If you have any additional questions about this Economic and Market Report, please contact the ACEA Statistics department
This report's information was presumed correct at the time of publication. ACEA is not responsible for any inconsistencies or errors in the data.