EU commercial vehicle registrations down by 20 percent 11 months into 2020
At 1.5 million units eleven months into the year, commercial vehicle registrations in the European Union are now down by 20.3%, according to data from the European Automobile Manufacturers Association (ACEA).
All EU27 markets – including the four major ones – have recorded double-digit declines so far in 2020, although less steep than in the preceding months: Spain (-28.4%), France (-18.4%), Germany (-16.3%) and Italy (-15.6%).
In November 2020, the EU market for commercial vehicles posted a very modest increase, with new registrations up 0.1% to 167,315 units. Demand for vans and buses slowed down last month, while the truck segment contributed positively to the region’s result. The four biggest markets posted a mixed performance in November, with registrations contracting in Spain (-7.0%) and France (-3.1%), while Italian (+11.7%) and German (+4.3%) markets expanded.