The ACEA Economic and Market Report for the fourth quarter of 2015 shows that the EU automotive industry experienced growth in both passenger car and commercial vehicle registrations. Passenger car registrations in the EU increased by 5.3% compared to the same period in the previous year, while commercial vehicle registrations rose by 14.7%. Production in the EU also increased, with a 4.4% growth in passenger car production and a 7.1% increase in commercial vehicle production. However, the report notes that the growth in the EU automotive industry is being driven by exports, as imports have decreased and exports have increased. Overall, the report suggests that the EU automotive industry is in a positive position, but faces challenges such as increasing competition and the need to adapt to changing consumer preferences.
