EU Socioeconomic Indicators and Car Market

Since 2008 a new economic crisis is present is the entire planet. This crisis affects several domains of the economic but also of the social life. Consumption decreases due to the lack of necessary resources of households to increase their expenditures. The car manufacturing is one of the main industrial activities in European Union (EU) and the present crisis particularly affects it. The present study examines the correlations between several socio-economic indicators and car market in European Union. The target is to find out the impact of the present economic crisis on the car market in EU.

Authors:

• Christina Babatsou
• Efthimios Zervas

Keywords:

• European Union
• Passenger cars
• Social indicators
• Correlations

References:

[1] Giuseppe Volpato, Francesco Zirpoli, (May 2010) The crisis and its
implications for the automotive industry, MIP Politecnico di Milano,
available at
http://www.francoangeli.it/riviste/riviste_allegati/poli/volpato_zirpoli.pd
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[2] ACEA (European Automobile Manufacturers Association). Statistics on
new car registrations in Europe 1990-2009. Economic report, (March
2009), www.acea.be
[3] Oica, Organisation Internationale des Constructeurs d'Automobiles
Available in http://oica.net/
[4] Eurostat, Availabe at
http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/