Working to shake off the COVID-19 pandemic’s fallout, the EU commercial vehicles market expanded in February after shrinking significantly a month earlier, a trade group said on Wednesday.
Commercial vehicle sales rose 1.2% year-on-year to 156,444 units in the 27-member bloc, data from the European Automobile Manufacturers' Association (ACEA) showed.
Noting that all vehicle segments – except buses and coaches – made positive contributions to the growth, the ACEA said demand was largely driven by Central European countries, which posted a rise of 17.2%.
Registrations in all key Western European markets contracted last month, with the exception of Italy (up 10.1%).
In the first two months of this year, the market narrowed 3.3% on an annual basis, with 297,651 units registered in total.
Among the four key EU markets, Spain saw the steepest decline (-22.0%) in January-February, followed by Germany (-9.6%).
The sales volume in France was down marginally (0.2%) compared to the same period last year, while Italy was the only major market to post an increase (1.9%).
By Tuba Sahin