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During the first half of 2024, new EU van sales increased by 15%, at 840,409 units, driven by double-digit growth in key markets, according to data just released by The European Automobile Manufacturers’ Association (ACEA).*
“Germany led with a remarkable 19.3% rise, followed by Spain at 18.5%, Italy at 17.8%, and France at 10.5%. New EU truck registrations saw a more modest increase of 3%, at 183,295 units from January to June. This growth was primarily driven by an 18.2% increase in medium-truck sales, while heavy trucks remained stable with a 0.3% increase. Spain and Italy led with double-digit gains of 21.7% and 10.5%, respectively, while Germany (+8.1%) and France (+5.5%) also posted growth,” ACEA said.
Bus sales also had a strong start to the year, with new EU registrations “surging by 28.6% compared to the first half of 2023, totaling 20,370 units. All major markets recorded growth, particularly Italy (+44.6%), Spain (+24.2%), and Germany (+17.8%).”
Vans
Diesel remained the preferred choice for new EU van sales in the first half of 2024. Sales rose by 16.2% to 708,624 units, maintaining a stable 84.3% market share. Gasoline models saw a significant increase of 15.3%, accounting for a 6% market share. Electrically chargeable vans experienced a 3.7% decline, capturing a 5.8% market share, down from 6.9% last year. Hybrid-electric van sales picked up pace, with an 8.3% increase, but still only makeup 2.1% of the market.
Trucks
Diesel trucks continued to dominate in the first half of 2024, representing 95.7% of new EU registrations, a 2.6% increase from the same period last year. Electrically chargeable trucks grew by 51.6%, increasing market share to ~1.9%, up from 1.3% last year. Germany led with 113.9% growth, contributing to 53% of the EU’s electrically chargeable truck sales.
Buses
New EU electrically chargeable bus registrations rose by 45.4% in the first half of 2024, with the market share increasing from 13.7% to 15.5%. Germany, the second-largest market by volume, grew by 25.2%, while Spain increased by 21.6%, making it the third-largest market for electrically chargeable buses. However, France, the largest market, declined by 16.4%. Hybrid-electric bus sales dipped by 7.5%, now making up 9.3% of the market. Diesel bus registrations grew by 35.3%, increasing their market share from 65.1% to 68.5%.
*ACEA
The European Automobile Manufacturers’ Association (ACEA) represents the 14 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group. ACEA on the EU automobile industry:
- 9 million Europeans work in the automotive sector.
- 3% of all manufacturing jobs in the EU.
- €392.2 billion in tax revenue for European governments.
- €101.9 billion trade surplus for the European Union.
- Over 7% of EU GDP generated by the auto industry.
- €59.1 billion in R&D spending annually, 31% of EU total.
Commercial Vehicle Sales Up in EU H1 2024
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During the first half of 2024, new EU van sales increased by 15%, at 840,409 units, driven by double-digit growth in key markets, according to data just released by The European Automobile Manufacturers’ Association (ACEA).*
“Germany led with a remarkable 19.3% rise, followed by Spain at 18.5%, Italy at 17.8%, and France at 10.5%. New EU truck registrations saw a more modest increase of 3%, at 183,295 units from January to June. This growth was primarily driven by an 18.2% increase in medium-truck sales, while heavy trucks remained stable with a 0.3% increase. Spain and Italy led with double-digit gains of 21.7% and 10.5%, respectively, while Germany (+8.1%) and France (+5.5%) also posted growth,” ACEA said.
Bus sales also had a strong start to the year, with new EU registrations “surging by 28.6% compared to the first half of 2023, totaling 20,370 units. All major markets recorded growth, particularly Italy (+44.6%), Spain (+24.2%), and Germany (+17.8%).”
Vans
Diesel remained the preferred choice for new EU van sales in the first half of 2024. Sales rose by 16.2% to 708,624 units, maintaining a stable 84.3% market share. Gasoline models saw a significant increase of 15.3%, accounting for a 6% market share. Electrically chargeable vans experienced a 3.7% decline, capturing a 5.8% market share, down from 6.9% last year. Hybrid-electric van sales picked up pace, with an 8.3% increase, but still only makeup 2.1% of the market.
Trucks
Diesel trucks continued to dominate in the first half of 2024, representing 95.7% of new EU registrations, a 2.6% increase from the same period last year. Electrically chargeable trucks grew by 51.6%, increasing market share to ~1.9%, up from 1.3% last year. Germany led with 113.9% growth, contributing to 53% of the EU’s electrically chargeable truck sales.
Buses
New EU electrically chargeable bus registrations rose by 45.4% in the first half of 2024, with the market share increasing from 13.7% to 15.5%. Germany, the second-largest market by volume, grew by 25.2%, while Spain increased by 21.6%, making it the third-largest market for electrically chargeable buses. However, France, the largest market, declined by 16.4%. Hybrid-electric bus sales dipped by 7.5%, now making up 9.3% of the market. Diesel bus registrations grew by 35.3%, increasing their market share from 65.1% to 68.5%.
*ACEA
The European Automobile Manufacturers’ Association (ACEA) represents the 14 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group. ACEA on the EU automobile industry: