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Latest figures released by ACEA (European Automobile Manufacturers’ Association) show that demand for new commercial vehicles in the EU rose 8.0% in March, marking 15 consecutive months of growth and totalling 242,049. Amongst the largest European markets Italy recorded the strongest growth (29.3%), followed by France (+6.4%), UK (+3.2%) and Germany (+2.6%). In Spain, registrations saw a minor decline (-0.6%).
This has been a very positive first quarter for the EU market that saw a general increase of 12.1%, with a total of 563,132 new commercial vehicles registered. During the first three months of the year all major European markets have grown. Italy recorded the strongest growth (+27.9%), followed by Spain (+10.6%), France (+10.2%), Germany (+9.2%) and the UK (+2.2%).
It is also extremely encouraging to see that all segments of commercial vehicles recorded a positive upturn.
Light commercial vehicles
The segment of light commercial vehicles up to 3.5 tonnes rose 7.6% compared to the same month last year, marking 31 consecutive months of growth. In total, 204,157 units were registered in March. In the first quarter, the segment grew by 11.3% with 466,839 new vans registered.
New medium and heavy commercial vehicles (MHCV) over 3.5 tonnes
Results for medium and heavy commercial vehicles (MHCV) over 3.5 tonnes were positive too, with an overall double digit increase of 11.1% and 34,092 new trucks registered in the EU. The growth is even stronger if we consider the period from January to March 2016 (+17.6%).
New heavy commercial vehicles (HCV) over 16 tonnes
New heavy commercial vehicles (HCV) over 16 tonnes grew by 12.2% with 27,831 new registrations. Italy recorded again the strongest growth among the largest markets, however new EU member states such as Poland (+46.3%) and the Netherlands (+30.3%) made a very relevant contribution.
During the first quarter, this sector of the market rose 18.0% to 71,501 units. Again all major markets posted a positive growth: Spain (+22.1%), Italy (+19.1%), France (+16.9%), the UK (+13.5%) and Germany (+8.0%).
Considering the extremely positive results recorded in 2015, it is encouraging to see that the market is still performing well on the back of last year’s success and we are hopeful that this trend will continue.