Source: ACEA, 2020-07-30
The European Automobile Manufacturers’ Association (ACEA) has published its annual Pocket Guide that provides an overview of the EU auto industry, including the latest sector-specific data on employment, vehicle production and sales, road safety, R&D, the environment and trade flows.
New data in this flagship publication confirm that the automobile industry is a key pillar of the European economy, and as such, is vital to the wider post-COVID-19 recovery of the continent. Indeed, the turnover generated by the auto industry represents over 7% of total EU GDP.
“Automobile manufacturers are unfortunately now facing very strong headwinds in the aftermath of the coronavirus crisis, which has hit our sector with an unprecedented force,” stated Eric-Mark Huitema, ACEA Director General.
“In the interest of the economic health of the continent, we are calling on EU and national policy makers to urgently step up their political, economic and practical support to our industry,” Huitema said. “It is time to turn words into actions, and to find pragmatic solutions that will help us weather the storm.”
According to the 2020-2021 edition of the Automotive Industry Pocket Guide:
Today, however, the European automobile industry finds itself in an extremely difficult situation. Indeed, vehicle manufacturers had to shutter their development centres and production sites in the EU for an average of 30 working days during the lockdown period, leading to production losses of more than 2.4m motor vehicles so far. And looking ahead, car sales are expected to contract by a record-breaking 25% in 2020.
Huitema: “We stand committed to work with policy makers in Brussels and the EU Member States to ensure that our sector can survive and recover – thereby protecting jobs, production and future investments.”