EU commercial vehicle market grows 5.1% in Q1
  • ECONOMY

  • 15:25 25 April 2019

EU commercial vehicle market grows 5.1% in Q1

The EU market for commercial vehicles recorded an annual growth of 5.1% during the first quarter of 2019 the European Automobile Manufacturers' Association (ACEA) reported on Thursday, ONA reports citing ACEA.

The association said the number of new commercial vehicle registrations amounted to 654,657 in January-March period.

Among key markets, Germany (12.8%), the U.K. (8.9%), France (4.4%) and Spain (3.1%) recorded an increase in demand for commercial vehicles.

Meanwhile, commercial vehicle registrations dropped 0.5% in Italy.

Demand for vans -- light commercial vehicles -- grew by 5% to reach 544,085 new registrations in the bloc during the same period.

On the heavy commercial vehicles side, EU demand increased 5.5% to 82,993 new trucks in the same period.

Over the same period, more than 100,708 new medium/heavy commercial vehicles were registered in the EU, marking an annual increase of 5.7%.

"Three months into the year, registrations of new buses and coaches increased only slightly (+0.4%)," the ACEA added.

Last year, the number of new commercial vehicle registrations amounted to 2.5 million in the 28-member bloc.

Faig Mahmudov

Tags: EU vehicle market ACEA Economy

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