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%).