PZPM - ACEA - EU - LCV, CV , BUS REGISTRATIONS

Commercial vehicle registrations: ‐24.5% nine months into 2020; +13.3% in September

Total new commercial vehicles In September 2020, demand for commercial vehicles (CV) in the European Union improved markedly. Registrations across the EU increased by 13.3% to 163,512 units last month. This growth was largely driven by the van segment, which accounted for over 84% of all CV registrations. The region’s four largest markets all recorded positive results, with Italy (+17.8%), Germany (+17.6%) and France (+15.1%) posting double‐digit gains in September. In Spain registrations grew by 6.6%.
Nine months into the year, the EU market for new commercial vehicles contracted by 24.5%, totalling 1,206,259 units. Despite last month’s gains, the economic fallout of the COVID‐19 pandemic continues to weigh on overall demand so far this year. Indeed, from January to September 2020 each of the 27 EU markets posted double‐digit declines, including the four major ones: Spain (‐33.0%), Italy (‐21.7%), France (‐21.6%) and Germany (‐21.4%).

 

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