Wednesday, 30 April 2014

EU truck market expands 10% in 2014

Demand in the EU for new commercial vehicles in March increased for the seventh consecutive month as total commercial vehicle registrations grew 11.1% to 185,520 units.

Growth was sustained across all segments of commercial vehicles. Out of the most significant markets, Spain recorded the highest upturn (+26.8%). Italy (+16.3%) and the UK (+11.0) also posted double-digit growth, while demand in Germany (+9.8%) and France (+0.3%) also increased. 

In the first quarter of the year, the EU market expanded 9.8 per cent, to 443,038 units. During the same period, Spain (+39.0%), Italy (+14.1%), Germany (+10.5%) and the UK (+10.4) all posted double-digit growth, with France the only major market to record a decline (-0.6%).

In the light commercial vehicle (CV) market up to 3.5 tonnes in March, the van segment grew 12.4 per cent to 157,333 units. Growth was sustained in all major markets including Spain (+24.7%), Italy (+20.4%), the UK (14.6%), Germany (+7.5%) and France (+1.6%). 

In the first three months in the year, 369,311 new vans were registered in the EU, 10.6 per cent more than in the same period last year. Again, France (-1.3%) was the only major market to post a decline, while Spain (+39.5), the UK (+16.0%), Italy (+15.3%) and Germany (+8.5%) saw their demand for vans increase.

In the over 16 tonnes sector in Marchresults showed a 7.7 per cent increase in new heavy truck registrations, to reach 19,266 units. Out of the most significant markets, Spain (+55.1%) and Germany (+22.9%) recorded double-digit growth, while France (-10.3%), Italy (-11.1%) and the UK (-20.4%) saw their demand for heavy trucks decline. 

In the first three months of the year, the EU market grew by 11.9 per cent, reaching 52,278 units. Increases were sustained in Spain (+48.1%), Italy (+32.5%), Germany (+25.0%) and France (+8.0%), while heavy truck registrations dropped by 31.4% in the UK.

In trucks over 3.5 tonnes, the results for March showed a 4.2 per cent increase in new vehicle registrations, to reach 25,262 units. Germany (+14.8%), remained the largest market in the month of March in terms of volumes, registering 8,585 trucks. Spain (+52.9%) and Poland (+7.0%) also saw their demand increase, while truck registrations fell by 11.0% in France, 13.0% in Italy and 21.1% in the UK. 

Over the first quarter, 66,477 new trucks were registered in the EU, 6.7 per cent more than in the same period last year. Spain (+44.0%), Poland (+18.1%), Germany (+15.5%), Italy (+8.1%) and France (+4.5%) all posted growth, while demand for new trucks in the UK (-28.3%) declined.

In March, the demand for new buses and coaches over 3.5 tonnes increased 4.4 per cent to 2,925 units. Germany posted double-digit growth (+15.1%) and France (+0.2%) also recorded upturn in this period. The UK, which was the largest market in the month of March with 947 units, posted a 0.6% decrease in registrations. Over the same period, Poland (-0.6%), Spain (-7.0%) and Italy (-8.6%) also saw their demand decline.

In the first three months of the year, the EU market grew fractionally by 0.3 per cent to 7,250 new buses and coaches. Demand for new buses and coaches declined in Italy (-2.4%), the UK (-5.1%) and Spain (-13.7%), while new registrations increased in Germany (+10.7%), France (+8.7%) and Poland (+1.0%).

In March, demand for new buses and coaches increased 4.4 per cent to 2,925 units. Germany posted double-digit growth (+15.1%) and France (+0.2%) also recorded upturn in this period. The UK, the largest market in the month of March with 947 units, posted a 0.6% decrease in registrations. Over the same period, Poland (-0.6%), Spain (-7.0%) and Italy (-8.6%) also saw a decline in demand. 


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