The ACEA Economic and Market Report for the second quarter of 2018 provides an overview of the European automotive industry. The report highlights that the EU economic outlook remains positive, with steady growth expected in the coming quarters. The passenger car market in the EU also shows steady growth, with registrations increasing by 2.3% compared to the same period last year. The report also notes that the European Union is the largest market for passenger cars in the world, accounting for 28% of global registrations. The report further discusses the production and trade of passenger cars in the EU, with exports outpacing imports. Overall, the report indicates a positive outlook for the European automotive industry in the second quarter of 2018.
