European commercial vehicle demand drops by 4% in first nine months

Tuesday, 29 October 2013 10:42:43 (GMT+3)   |   Istanbul
       

In September this year, new commercial vehicle registrations grew by 6.1 percent year on year in the European Union, totaling 160,038 units, according to the European Automobile Manufacturers' Association (ACEA). The month counted on average one more working day across the region compared to the same month of the previous year. Looking at the major markets, the French (-1.8 percent) and Italian (-3.5 percent) markets shrank in comparison with September 2012, the German market grew by 4.2 percent, while the UK (+12.5 percent) and Spanish (+25.4 percent) markets posted double-digit increases.
 
In the first three quarters of this year, demand for new commercial vehicles in the EU was down four percent as compared to the corresponding period of last year, with 1,230,188 new registrations. Spain (+1.8 percent) and the UK (+7.9 percent) recorded more vehicle registrations than in the same period last year, while Germany (-6.9 percent), France (-7.0 percent) and Italy (-16.2 percent) saw their markets decline.
 

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