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Wednesday, 25 September 2019

European commercial vehicle market: +6.2% in July, +11.0% in August, +6.5% in eight months

Over the summer, demand for new commercial vehicles in Europe increased considerably, with +6.2% in July and +11.0% in August, marking the seventh and eighth consecutive month of growth.

Except for Italy (-1.3%, with 16,935 registrations, about 200 less than in July 2018), in July all main national markets posted positive results, with the significant performance of Germany and France (+12.3% and +10.2%).

In August, Spain and France recorded negative numbers (-2.6% and -1.9%), Italy posted a small increase (+1.9%, with 11,099 units, around 200 more than in August 2018) and Germany grew by 13,0%, but the best performance was recorded by the UK, with an impressive +29.8%.

Growth was largely supported by the increase of the demand for light commercial vehicles, while other segments fell strongly during the summer.

From January to August, European commercial vehicle market expanded by 6.5%, totaling over 1.7 million units sold (1,739,402). Germany led the growth with double digit figures (+13.6%), followed by UK (+11.3%), France (+6.5%), Italy (+4.3%, with 139,945 vehicles registered, 5.8 thousand over the same period last year) and Spain (+2.1%).

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