EU market continues growth spurt

Demand for new commercial vehicles in the EU increased for the 15th consecutive month in March, the European Automobile Manufacturers’ Association (ACEA) announced.

Total commercial vehicle registrations grew by eight per cent, totalling 242,049 units.

Growth was sustained across all segments of commercial vehicles, ACEA said.

“Looking at the largest markets, Italy recorded the highest upturn (+29.3 per cent), while France (+6.4 per cent), the UK (+3.2 per cent) and Germany (+2.6 per cent) showed more modest rates of growth.

“The Spanish market (-0.6 per cent) saw a slight decline after a period of strong growth.”

In the first quarter of the year, the EU market expanded by 12.1 per cent, totalling 563,132 commercial vehicles.

During the same period, Italy (+27.9 per cent), Spain (+10.6 per cent), France (+10.2 per cent), Germany (+9.2 per cent) and the UK (+2.2 per cent) all posted growth.

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