Europe: Commercial Vehicles Sales Down 4.7% in January image

Sales of new commercial vehicles in Europe decreased in January by 4.7 percent compared to the same month last year, amounting to 141, 120 units.

Germany was the only major market to post growth (+3.1%), while France (-1.8%), the UK (-8.1%), Spain (-21.1%) and Italy (-31.2%) all contracted. The month counted on average one more working day across the region than January 2011.

The figures published by the automotive industry association ACEA also revealed registrations of new light commercial vehicles (LCV), such as delivery vans used by small businesses, fell 6.4 percent in January.

However, the heavy truck market in the Europe Union expanded by 3.9 percent in January. Results were diverse across countries as the UK posted a strong growth (+35.8%), while France grew more moderately (+3.3%), Germany slipped by 1.6%, and Spain (-12.6%) and Italy (-13.5%) contracted more significantly.