24 September 2010 10:39 [Source: ICIS news]
LONDON (ICIS)--New registrations for commercial vehicles in the EU totalled 101,710 units in August, up by 10.1% from the same month last year, an industry body said on Friday.
According to data from the European Automobiles Manufacturers’ Association (ACEA), the figures showed an improvement in all vehicle categories during August except for the buses and coaches segment, which fell 12.4% year on year to 2,889 units.
Within the other EU vehicle-registration segments for August, vans grew 8.5% year on year to 81,715 units; new heavy truck registrations shot up 34.0% year on year to 11,508 units; and new commercial vehicles over 3.5 tonnes increased by 23.7% to 17,106 units.
During the first eight months of 2010, total registrations for new commercial vehicles in the EU grew by 4.9% year on year, totalling 1,129,166 units, as growth in the vans segment offset falls in the other vehicle categories.
“Compared to the pre-crisis levels of 2008, cumulative results over January-August were still down by 35%,” said the ACEA.
A wide variety of chemicals markets depend on demand from the automotive industry, which has suffered badly from the effects of the global economic crisis.
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