LCV registrations up 8.4% in Europe
In April, the EU market for commercial vehicles expanded for the fourth month in a row, according to numbers released by ACEA, the European Automobile Manufacturers Association. The five largest EU markets all saw strong gains with France, Italy and Germany posting double-digit growth.
In April 2019, the van segment – making up nearly 82% of EU commercial vehicle demand – posted the strongest gains (+8.4%). Each of the five major markets recorded solid growth last month, with Italy (+15.6%), Germany (+13.2%) and France (+12.4%) showing the highest increases, followed by Spain (+7.8%) and the UK (+4.7%).
Four months into the year, registrations of new light commercial vehicles grew by 5.9% to reach 721,303 vans. Demand was sustained by the major EU markets, and Germany (+12.4%) in particular, but the Central European markets (+10.9%) also made a significant contribution.
Image source: Volkswagen Commercial Vehicles UK