European commercial vehicle (CV) registrations have remained stable year-to-date (YtD) with a modest growth of +3.3% over the first nine months and +0.6% in September 2017, ACEA data shows.
Registrations of vans in September 2017 saw a rise of +2.1%, but demand for trucks and buses fell -6.5% and -9.9% respectively. Spain and Germany were the only markets among the five major EU countries to show noteworthy growth of +7.8% and +5.5% respectively. Italy saw a reduction of 1% and the United Kingdom -6%.
Of these results, light commercial vehicles (LCV) saw a slight increase in European demand of +2.1%, compared to just 0.1% in August 2017. The Spain and German markets remained the forerunners in Europe with +10.9% and +9.9% LCV growth respectively, whereas Italy saw a reduction in demand of -1.3%. LCV demand also fell by -4.2% in the United Kingdom.
Over the first nine months of the year, 1.8 million new vehicles were registered (+3.3%). Spain saw the most growth with +14.4%, then France +6.5% and Italy +1.6%. However, CV registrations in the UK have declined by -3.3% so far in 2017.
Of the 1.8 million new registered CVs, almost 1.48 million were LCVs – an increase of 4% YtD. As reflected in overall CV sales, Spain saw the greatest growth in the LCV market with +16.4%, France +7.1% and Germany +3.5%. The UK, on the other hand, was the only major market with a decline, of -3.1%.