EU commercial vehicle registrations fall in September

25 October 2018


September 2018 saw a decline in European commercial vehicle registrations after five months of consecutive growth, new figures published by the European Automobile Manufacturers Association (ACEA) reveal.

Demand in the month fell by 5.2%, mainly due to the drop in registrations of new vans. Demand fell in all but one of the five major markets in Europe. Germany recorded CV sales growth of 1.1%, while Italy posted the highest decline, its market dropping 17.8%. This was followed by Spain, down 9.6%, the UK, which fell 6.1%, and France, posting a minimal loss of 1.6%.

Over the first three quarters of 2018, growth remained positive despite September’s drop in sales. So far in the year, demand increased by 3.6% with 1.8 million units registered across Europe. Spain has shown the highest rate of growth, up 8.7% year-to-date, followed by France with 5.2% growth, and Germany with a 4% increase. Demand in Italy and the UK has contracted so far this year, down 0.5% and 3.5% respectively.

In September, EU demand for light commercial vehicles fell by 6.0%, mainly driven by a decline in most Western European countries. Four out of five major EU markets shrank substantially and Italy (down 20.5%) and Spain (down 9.3%) in particular. Last month, demand for new vans only increased in Germany (up 2.7%).

From January to September, demand for vans increased by 3.5% compared to one year ago, reaching 1.5 million units registered. Results were diverse among the five key EU markets. The United Kingdom and Italy posted declines, 3% and 2.7% respectively, while Spain (9.5%), Germany (5.1%) and France (4.7%) performed very well.

Registrations in the heavy truck segment last month were similar to last year, with 26,036 units sold in the EU. Among the major markets, demand fell in Spain by 11.7% and the UK by 6.8%, but heavy truck registrations increased in France, up 7.5% and Italy by1%.

Nine months into the year, demand for new heavy trucks remained positive. A total of 231,894 new vehicles have been registered so far this year, or 4.5% more than in 2017. The United Kingdom was the only key market to show a decline, by 7.9%, while Italy (12.2%), France (9.7%), Spain (2.3%) and Germany (2.2%) all contributed positively to growth.

New medium-heavy truck registrations slowed down and dropped 1.1% after three months of consecutive growth. Demand in almost all major EU markets contracted in September, except France (up 7.3%). Spain saw the highest percentage drop (down 13.1%).

Over the first nine months of the year, EU demand for new trucks went up by 4.3% to reach 284,813 registrations. Italy (10.2%), France (8.7%), Spain (3.4%) and Germany (1.5%) all posted solid figures, although new truck registrations did fall in the United Kingdom by 5.7%.