The EU commercial vehicle market enjoyed another strong monthly performance albeit on the back of a low base of comparison due to last year’s COVID-19 restrictions, according to the latest figures by ACEA.
Overall new registrations increased by 51.3% to 165,363 units, more than 30,000 below pre-pandemic volume levels. Looking at the four key markets, Spain saw the highest percentage growth (+89.6%), followed by Italy (+51.3%), Germany (+46.4%) and France (+28.4%).
Five months into 2021, demand for new commercial vehicles in the EU increased by 43.9%. The strong performance in May further improved year-to-date volumes, now counting 838,941 units. All four major EU markets improved their cumulative results: Italy (+69.5%), France (+55.2%), Spain (+51.9%) and Germany (+20.3%).
New light commercial vehicles (LCV) up to 3.5t
Registration of new vans up to 3.5t across the EU grew strongly again, up 49.6%, totalling 138,429 units. Each of the key markets saw a significant increase in demand for vans: Spain (+89.0%), Italy (+48.4%), Germany (+47.7%) and France (+30.9%).
Earlier this month, SMMT’s figures showed the LCV market up to 3.5t experienced a huge rise (+289%) in the UK, showing “growing confidence” as the economy continues to perform better than expected. UK dealers are optimistic that notwithstanding any product shortages, registration figures will continue to increase to beyond pre-pandemic levels.
From January to May, sales of light commercial vehicles across the European Union expanded by 46.6% to 700,510 units, following positive results in recent months. The major EU markets all posted double-digit percentage gains so far this year: Italy (+74.9%), France (+59.3%), Spain (+55.4%) and Germany (+21.8%).
For full details, please click here: https://www.acea.auto/files/20210624_PRCV_2105_FINAL.pdf