EU market reports tenth consecutive growth month

Demand for new commercial vehicles in the EU increased in October for the tenth consecutive month, up 6.6 per cent according to research from European Automobile Manufacturers’ Association (ACEA).

Growth was sustained across all commercial vehicle segments, with Spain’s double-digit result of 22.9 per cent standing out, followed by Italy at 7.6 per cent, Germany at 6.7 per cent and France at 3.9 per cent, while the UK performed less well compared to October 2014, down 3.0 per cent.

The heavy equipment segment (over 16 tonnes) results show an increase in new heavy truck registrations of 5.5 per cent.

France (+24.2 per cent), Italy (+20.3 per cent), Spain (+14.1 per cent) and Germany (+12.3 per cent) largely contributed to this positive outcome posting double-digit percentage gains, while the UK saw demand for heavy trucks significantly decrease (-29.6 per cent).

Over ten months in 2015, the total EU market expanded (+11.6 per cent), totalling 1,706,662 commercial vehicles with Spain (+36.5 per cent), the UK (+16.6 per cent), Italy (+9.8 per cent), Germany (+2.7 per cent) and France (+2.1 per cent) all posting growth.

Leave a Reply

Send this to a friend