European Commercial Vehicle Registrations up 9.1 Percent Through May
Through the first five months of 2014, European commercial vehicle registrations have been up 9.1 percent over last year, according to data compiled by the European Automobile Manufacturers Association (ACEA).
In May, new vehicle registrations continued the positive trend commenced nine months ago, increasing by 10.8 percent with a total of 151,484 units, according to the ACEA. The truck segment slightly declined, while registrations of vans, as well as of buses and coaches increased. The French market remained stable (-0.1 percent), while all other significant ones recorded double-digit growths ranging from 12.0 percent in the UK to 13.5 percent in Italy, 16.1 percent in Germany and 41.6 percent in Spain.
From January to May, results in France slipped by 0.3 percent, while the UK (+8.0 percent) and Germany (+8.7 percent) performed similarly. Italy (+14.6 percent) and Spain (+42.9 percent) saw their markets considerably expand. Overall, new registrations in the EU increased by 9.1 percent compared to the first five months of 2013. In total, the region counted 746,678 new vehicles, according to ACEA data.