27 November 2012 10:54 [Source: ICIS news]
LONDON (ICIS)--New registrations for commercial vehicles in the EU continued to decline in October, according to data from the European Automobile Manufacturers’ Association (ACEA) on Tuesday.
In October, demand for new commercial vehicles in the EU amounted to 147,211 – down by 9.4% compared with the same month last year.
A wide variety of chemical markets depend on demand from the automotive industry.
“[In October] all major markets shrank: by 3.8% in Germany, 8.6% in the UK, 9.8% in France, 16.4% in Italy and 20.4% in Spain,” the ACEA said.
In October, registrations for new light commercial vehicles up to 3.5 tonnes, or vans, amounted to 118,723 units, or 9.7% less than in the same month last year, with market declines in Germany (-3.5%), the UK (-8.1%), France (-9.5%), Italy (-16.0%) and Spain (-24.3%).
Registrations in the EU for new heavy commercial vehicles over 16 tonnes, excluding buses and coaches, in October totalled 20,294, down by 5.6% from the same month last year, as the downturn prevailed across major markets.
A total of 26,354 new registrations for new commercial vehicles over 3.5 tonnes, excluding buses and coaches, were recorded in October, a fall of 5.3% year on year, while registrations of new buses and coaches over 3.5 tonnes in October recorded the sharpest fall across the segments, down by 30.4% to 2,134 units compared with the same month last year.
For the January-October period, demand for EU commercial vehicles also saw a decline.
“Ten months into the year, contraction also prevailed across all significant markets, leading to an overall 10.6% downturn in the region,” the ACEA said.
“New registrations decreased by 3.6% in the UK, 4.1% in Germany, 8.0% in France, 25.2% in Spain and 33.0% in Italy. In total, 1,429,287 new vehicles were registered in the EU,” it added.
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