European New Commercial Vehicle Sales down 17.8pct in May image

In May, new commercial vehicle registrations continued the downward trend commenced in January, facing the sharpest decrease since 2009, the European Automobile Manufacturers’ Association (ACEA) said Thursday.

Registrations fell 17.8 percent year-on-year in May. Sales have been falling steadily since December last year. The UK was the only market to post growth during the month. Italian market plunged 42.4 percent in May.

From January to May, the EU* market shrank by 11.8%, compared to the first five months of 2011. The decline ranged from -4.0% in Germany to -6.2% in the UK, -8.5% in France, -24.8% in Spain and -37.9% in Italy. In total, 735,993 new vehicles were recorded throughout the period.

On the same time, during the 2012 calendar year, a record 791,288 used commercial vehicle registrations were reported, representing a 17.7 percent increase from the number reported during the 2011 calendar year.