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European commercial vehicle market narrows in November

European commercial vehicle market narrows in November
New commercial vehicle registrations across EU down for 5th month, sectoral data shows

By Tuba Sahin

ANKARA (AA) – The EU commercial vehicle market continued shrinking for the fifth month in a row in November, a sectoral group announced Thursday.

New commercial vehicle registrations across the 27-member bloc reached 142,480 units in November, down 14.7% from the same month last year, according to the European Automobile Manufacturers' Association (ACEA).

The van segment's double-digit drop weighed heavily on the overall results, as vans accounted for over 80% of total commercial vehicle sales in the EU.

The EU's demand for vans – light commercial vehicles – slipped 16.6% to 116,119 in November, as the ongoing shortage of semiconductors continued to hamper vehicle output.

The four major markets in the region posted strong declines last month, with the sharpest year-on-year drop seen in Spain with 30.4% to 12.755 units.

Germany's vehicle market narrowed 22.1% to 28,499 units, France's 12.2% to 35,870 units, and Italy's 15% to 17,327 units during the same period.

In January-November, commercial vehicle registrations in EU markets hit 1.7 million units, an annual rise of 11.5% with 2020's low base effect.

All big EU markets remained in positive territory in the first eleven months of this year, especially Italy (growing 17.6%) and France (9.4%).

source: News Feed
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