ACEA updates 2019 data | Automotive Industry News

The European Automobile Manufacturers’ Association (ACEA) has published the entire 12 months 2019 edition of its Economic and Industry Report with the latest figures on the registration, output and trade of passenger cars and professional vehicles, both equally in Europe and all-around the entire world.

Vital takeaways

EU economic outlook

• In 2019, total economic activity in the European Union expanded by one.five{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0}.
• Even so, the outlook for 2020 has altered radically for the reason that of COVID-19.
• EU GDP is set to deal by 7.4{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} in 2020 ahead of increasing by six.one{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} in 2021, assuming that the pandemic stays below management.
• Unemployment in the EU is expected to maximize to nine{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} in 2020.

Passenger car registrations

• In 2019, new car registrations increased by one.two{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} in the European Union.
• Vehicle demand in the United States contracted by three.two{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} past 12 months.
• Japanese passenger car product sales fell one.8{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} compared to 2018.
• Vehicle registrations in China lessened by 8.nine{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} to 21.2m models.

Passenger car output

• European car output lessened by 4.six{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} to 18.5m models.
• Vehicle output in the United States declined by 7.two{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} in 2019.
• Chinese output contracted by nine.{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0}, with twenty.7m cars created in 2019.

Exports and imports of passenger cars and trucks

The European Union exported 5m cars with a worth of €124 billion in 2019.
More than the exact same period, the worth of EU car imports considerably increased (+fifteen.six{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0}) to a overall of EUR53bn.

Professional motor vehicle registrations

• In 2019, EU professional motor vehicle registrations increased by two.five{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} to two,546,830 models.
• Van registrations attained two.1m models in 2019, a two.8{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} 12 months-on-12 months maximize.
• Truck demand increased a little bit by .nine{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} to 388,342 models past 12 months.

Professional motor vehicle output

• Professional motor vehicle output on the European continent posted a three.{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} decline in 2019, with three.5m models constructed in overall.
• North America’s output expanded by three.six{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} in 2019, pushed by pickup trucks.
• Chinese output declined by one.7{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} in 2019, with five.3m models constructed.
• Comprehensive-12 months professional motor vehicle output fell sharply (-10.one{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0}) in South The united states.

Exports and imports of professional autos

Truck and bus exports generated a EUR4.8bn trade surplus for the EU in 2019.
Even so, van imports outstripped exports by EUR2.3bn.