EU: Commercial vehicle market slightly up in November

ANKARA

The EU market for commercial vehicles posted a very modest increase, with new registrations up 0.1% to 167,315 units in November, a trade group said on Tuesday.

Demand for vans and buses slowed down last month, while the truck segment contributed positively to the region’s result, according to a statement by the European Automobile Manufacturers' Association (ACEA).

The four biggest markets posted mixed performance in November, with registrations contracting in Spain (-7%) and France (-3.1%), while Italian (+11.7%) and German (+4.3%) markets expanded.

At 1.5 million units eleven months into the year, commercial vehicle registrations in the block are now down by 20.3%.

All EU27 markets – including the four major ones – have recorded double-digit declines so far in 2020, although less steep than in the preceding months: Spain (-28.4%), France (-18.4%), Germany (-16.3%), and Italy (-15.6%).