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CVRegCommercial vehicle registrations mark 16 consecutive months of growth in April.

Demand rose 14.6% in April to 195,013 units, while in the first four months of 2016, the market was up 12.8% compared to the same period last year. All the largest markets grew: Italy recorded the highest upturn (+32.5%), followed by Spain (+19.5%), Germany (+12.3%) and the UK (+11.2%), according to the latest figures published by ACEA (European Automobile Manufacturers’ Association).

Major EU markets have increased over the first four months of the year: Italy (+29.2%), Spain (+12.9%), France (+10.1%), Germany (+10.0%) and the UK (+4.1%) all showed growth and a total of 758,566 commercial vehicles were registered in the EU year to date.

New heavy commercial vehicles (HCV) over 16 tonnes grew by 22.2% to 26,457 units, experiencing the most significant improvement. Light commercial vehicles (LCV) up to 3.5 tonnes rose 13.6%, while new medium and heavy commercial vehicles (MHCV) over 3.5 tonnes were up 21.3%.

Outstanding results were recorded in the truck sector – heavy trucks registrations grew by 70.4% in Italy and 32.4% in Spain – however it is positive that all segments experienced a double-digit growth in April compared to last year.

Sue Robinson commented, “It is extremely positive to see that new European commercial vehicles registrations performed very well in April showing a sustained growth across all segments” and “with a stronger European economy signs are that this trend will continue for the remainder of the year”.

Posted by Sue Robinson on 27/05/2016