PZPM - ACEA - EU - LCV, CV , BUS REGISTRATIONS
Commercial vehicle registrations: ‐22.2% 10 months into 2020; ‐1.2% in October
In October 2020, the EU market for commercial vehicles contracted slightly, with the number of new registrations down 1.2% to 172,743 units. Demand for light commercial vehicles increased last month, but registrations of new trucks and buses declined at the same time. The major EU markets posted mixed results, with Germany (+9.4%) and Italy (+7.4%) recording growth, while the Spanish (‐8.3%) and French (‐4.5%) markets contracted in October.
Ten months into the year, demand for commercial vehicles decreased by 22.2% in the European Union, counting roughly 1.4 million registrations in total. Although the declines were less severe than in the first half of the year, all 27 EU markets continued to record double‐digit drops over the first 10 months, including the four major ones: Spain (‐30.4%), France (‐19.8%), Germany (‐18.4%) and Italy (‐18.4%).
