EU Commercial Vehicle Registrations -8.5% in October

Ken Zino of AutoInformed.com on EU Commercial Vehicle Registrations -8.5% in October.

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In a demonstration of  the murky answer to the question “is the ongoing European-recession glass half-empty or half-full?”, ACEA* said today that the EU market for new commercial vehicles continued to scuffle, declining for the sixteenth month in a row at -8.5% vehicles.

However, year-to-date registrations of new commercial vehicles across the European Union contracted by 16.8% to 1.3 million units. So things are improving somewhat since the rate of decline is decreasing. Moreover, the truck and bus segments performed better than in October 2021.

Among the region’s four largest markets, Germany saw the sharpest decline in total commercial vehicle sales (-12.4%), followed by France and Italy with more restrained losses (-5.3% and -3.9% respectively). Spain posted a slight increase (+1.2%).

Ken Zino of AutoInformed.com on EU Commercial Vehicle Registrations -8.5% in October

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From January to October 2022, EU light commercial vehicle registrations were down by 20.6%, to 1 million units. Aside from the Czech Republic (+1.6%) and Slovakia (+0.1%), all the EU markets contributed to the overall decline, including the four largest ones, which all faced double-digit losses: Spain (-25.5%), France (-21.1%), Germany (-18.7%) and Italy (-11.9%).

*ACEA –  The European Automobile Manufacturers’ Association is the Brussels-based trade association of the 16 major car, van, truck and bus producers in Europe.

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