European commercial vehicle market dropped by 47.3% in March, suffering the lockdown imposed by governments to slow down the spread of the COVID-19, totaling 105,196 units overall.
Among the biggest markets, Italy posted the worse performance (-66.1%, with 6,657 vehicles sold, almost 13 thousand less compared to March 2019), followed by Spain (-64.4%), France (-63.1%) and Germany (-25.4%).
All segments were strongly affected: LCV -49.8%; Heavy Trucks -38.0%; Trucks -35.6%; Bus & Coach -37.1%.
The first quarter of 2020 closed with a contraction of 23.2%, with 413,327 registrations all across the EU. From January to March, all major European markets recorded double-digit losses: Spain -31.7%; France -26.9%; Italy -26.6% (with 38,998 units, over 14 thousand less than in the first three months of 2019); Germany -14.4%.
