Commercial vehicle registrations: -11.5% in January 2020
Brussels, 25 February 2020 – In January 2020, commercial vehicle registrations fell by 11.5% across the European Union.
Total new commercial vehicles
In January 2020, commercial vehicle registrations fell by 11.5% across the European Union. With the exception of buses, demand fell in all segments. The slowdown in van sales – making up more than 80% of EU commercial vehicle demand – had a major impact on the overall performance. All four major EU markets posted declines in January, with Spain recording the strongest decline (-19.3%), followed by France (-9.1%), Germany (-7.6%) and Italy (-2.9%).
New light commercial vehicles (LCV) up to 3.5t
During the first month of 2020, registrations of light commercial vehicles went down again (-10.2%) after the increase observed in December. The region’s four largest markets contributed to this decline: Spain (-20.2%), France (-9.2%), Germany (-3.0%) and Italy (-2.4%).
New heavy commercial vehicles (HCV) of 16t and over
January 2020 results in the heavy-duty segment continued on the downward trend that has taken hold since August (following the introduction of the new smart tachograph regulations). As a result, demand for new heavy trucks dropped by 21.7% in the first month of the year. All four key EU markets registered negative growth in January, with most suffering double-digit losses, like Germany (-26.0%), Spain (-15.9%) and France (-14.2%).
New medium and heavy commercial vehicles (MHCV) over 3.5t
In January, new truck registrations in the EU decreased by 19.2%, making it the seventh consecutive month of falling demand. This was mainly the result of the slowdown observed in the heavy-duty segment, which makes up the bulk of total truck demand. The EU’s main markets all followed this negative trend, with Germany (-20.5%), Spain (-14.9%), France (-12.4%) and Italy (-9.3%) posting declines in the first month of 2020.
New medium and heavy buses & coaches (MHBC) over 3.5t
January 2020 registrations of buses and coaches across the European Union were 4.9% higher than in the same month last year. However, the four big markets posted diverse results in January. France and Italy saw solid gains in the first month of the year (+27.3% and +17.0% respectively), while demand fell in Spain (-3.4%) and remained almost unchanged in Germany (+0.5%).
- The European Automobile Manufacturers’ Association (ACEA) is the Brussels-based trade association of the 16 major car, van, truck and bus producers in Europe.
- The ACEA commercial vehicle members are DAF Trucks, Daimler Truck, Ford Trucks, Iveco Group, MAN Truck & Bus, Scania, Volkswagen Commercial Vehicles, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Francesca Piazza, Statistics Manager, email@example.com.
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About the EU automobile industry
- 12.7 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.5 million – are in the automotive sector.
- Motor vehicles are responsible for €398.4 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €76.3 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €58.8 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 32% of total EU spending.