26 July 2012 10:15 [Source: ICIS news]
LONDON (ICIS)--New registrations for commercial vehicles in the EU totalled 157,232 units in June – down by 5.8% from the same month in 2011, an industry body said on Thursday.
According to data from the European Automobile Manufacturers’ Association (ACEA), the figures showed a decline in June for all vehicle categories except for new buses and coaches over 3.5 tonnes.
A wide variety of chemical markets depend on demand from the automotive industry.
Within the EU vehicle registration segments for June, vans fell by 6.5% year on year to 128,871 units, new heavy truck registrations dropped by 4.6% year on year to 10,012 and the registration of new commercial vehicles over 3.5 tonnes (excluding buses and coaches) decreased by 4.1% from the same month in 2011, to 25,459 units.
However, the registration of new buses and coaches over 3.5 tonnes in June showed an improvement, increasing by 16.5% year on year to 2,902 units.
In the January–June period, demand was down by 10.8% compared with the first half of 2011, amounting to 892,850 units.
“Decline prevailed in all major markets, from -1.9% in
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