EU June Commercial Vehicle Demand Continues To Rise

Commercial vehicle registrations in the European Union rose for the tenth consecutive month in June, a report from the European Automobile Manufacturers Association, or ACEA, showed Tuesday.

Demand for commercial vehicles increased 10.3 percent year-on-year to 166,107 units in June. This was a slightly slower increase than the 10.8 percent rise in May.

Commercial vehicle registrations in all major markets expanded, with registrations in U.K., Spain, Italy, France and Germany rising 25.5 percent, 18.9 percent, 8.6 percent, 6.5 percent and 3.8 percent, respectively.

Demand for light commercial vehicles climbed 13.1 percent. Registration for new buses and coaches increased 3.5 percent in June.

Meanwhile, registrations for new commercial vehicles, excluding buses and coaches, fell 4.2 percent and demand for heavy commercial vehicles, excluding buses and coaches, dropped 0.7 percent in June.

For the January to June period, commercial vehicle registrations rose 9.3 percent year-on-year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

More:
EU June Commercial Vehicle Demand Continues To Rise