EU: Commercial Vehicles Registrations Up 7.7% in October image

New commercial vehicle registrations in the Europe sales were up 7.7 percent to 162,901 vehicles, the European Automobile Manufacturers’ Association (ACEA) said on Friday.

Looking at new commercial registrations in the major European markets in October, Spain (-1.8 percent) is the only country recording a decline, while the UK (+11.1 percent), Germany (+7.2 percent) and France (+7.8 percent) indicated expansions.

Demand for vans grew by 5.8 percent with 131,482 new registrations. Germany (+12.5 percent), France (+4.7 percent ),and the UK (+6.7 percent ) saw their markets expand, while Spain declined 5 percent. Ten months into the year, the number of new van registrations in the EU* amounted to 1,308,741 units**, or 7.5% more than in the same period last year.

The segment of heavy trucks (over 16t (excluding Buses & Coaches)) recorded an increase of 18.2%** in the EU* over the month of October, as a total of 21,552 new vehicles** was registered across the region where growth prevailed.

On the same time, new Commercial Vehicles over 3.5t registrations increased by 15.7%** in the EU*, amounting to 28,115 units. Despite a 3.2% downturn, Germany remained the largest market.