Commercial vehicle registrations: ‐8.9% first two months of 2020; ‐6.2% in February
Brussels, 25 March 2020 – In February 2020, commercial vehicle registrations fell by 6.2% across the European Union. Demand decreased in all vehicle segments, apart from buses and coaches.
Total new commercial vehicles
In February 2020, commercial vehicle registrations fell by 6.2% across the European Union. Demand decreased in all vehicle segments, apart from buses and coaches. With the exception of France (+1.6%), all major markets contracted last month: Germany (-7.6%), Spain (-5.9%) and Italy (-4.0%).
From January to February, the EU commercial vehicle market declined by 8.9% to 308,350 units. Spain (-12.8%), Germany (-7.6%), France (-3.6%) and Italy (-3.5%) all saw a decrease in demand for commercial vehicles so far this year.
New light commercial vehicles (LCV) up to 3.5t
February figures show a drop in registrations of light commercial vehicles for the second month in a row (-4.0%), albeit at a slower rate than in January. Three of the four largest EU markets posted negative growth last month: Italy (-6.2%), Spain (-5.9%) and Germany (-3.8%). By contrast, France performed better than in February 2019 (+3.0%).
During the first two months of 2020, EU demand for vans fell 7.1%. Each of the major EU markets performed worse than the year before. Spain recorded the highest drop (-13.2%), followed by Italy (-4.4%), Germany (-3.4%) and France (-2.9%).
New heavy commercial vehicles (HCV) of 16t and over
In February, demand for new heavy trucks continued the downward trend that started last summer, marking the eighth consecutive month of decline in this segment (-19.3%). Results were diverse among the four key EU markets, with Italy posting growth (+10.6%) while Germany (-21.6%) and France (-15.4%) suffered double-digit losses.
Two months into the year, registrations of new heavy trucks declined in all major EU markets, with Germany (-24.0%) and France (-14.8%) showing the strongest drops. This brought the EU total down to 38,004 heavy trucks registered, or 20.6% less than during the first two months of 2019.
New medium and heavy commercial vehicles (MHCV) over 3.5t
During the second month of 2020, new truck registrations in the EU decreased by 18.2% as a result of the slowdown in demand for heavy-duty trucks. Among the EU’s main markets, Germany (-20.6%) and France (-13.6%) followed this negative trend, both posting double-digit declines. On the other hand, truck registrations did increase in Italy (+9.7%) and Spain (+0.6%) last month.
Over the first two months of the year, 46,295 new trucks were registered across the European Union, down 18.7% compared to the year before. Mirroring their performance in the heavy‐truck segment, Germany (-20.5%) and France (-13.0%) recorded the highest losses, followed by Spain (-8.5%) and Italy (-1.2%).
New medium and heavy buses & coaches (MHBC) over 3.5t
In February 2020, total registrations of buses and coaches in the European Union were 3.1% higher than in the same month last year. Germany (+33.6%), France (+32.1%) and Italy (+26.7%) posted solid growth during the second month of 2020, giving a boost to the region’s overall performance. However, demand for new buses and coaches fell significantly in Spain (-41.5%) last month.
From January to February, the European bus and coach market expanded by 4.6%, with 5,738 new vehicles registered in total across the EU. Demand increased in France (+29.4%), Italy (+19.9%) and Germany (+12.8%), while Spain recorded a decline (‐21.7%) compared to the same period last year.
- 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, firstname.lastname@example.org.
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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.