20 December 2012 10:37 [Source: ICIS news]
LONDON (ICIS)--New registrations for commercial vehicles in the EU continued to decline in November, according to data from the European Automobile Manufacturers’ Association (ACEA) on Thursday.
In November, new commercial vehicle registrations were at their lowest since November 2009, dropping by 18.5%, to 140,128 units, compared with the same month last year.
A wide variety of chemical markets depend on demand from the automotive industry.
“All major markets faced a double-digit downturn [in November] ranging from -13.6% in Germany to -16.1% in the UK, -20.7% in France, -25.1% in Spain and -27.5% in Italy,” the ACEA said.
In November, registrations for new light commercial vehicles up to 3.5 tonnes, or vans, amounted to 114,425 units, or 19.5% less than in the same month last year, with market declines in Germany (-13.1%), the UK (-16.4%), France (-21.6%), Spain (-25.2%) and Italy (-27.3%).
Registrations in the EU for new heavy commercial vehicles over 16 tonnes, excluding buses and coaches, in November totalled 17,277 units, down by 17.0% from the same month last year, as all significant markets saw their demand decline.
A total of 23,138 new registrations for new commercial vehicles over 3.5 tonnes, excluding buses and coaches, were recorded in November, a fall of 15.3% year on year, as all significant markets recorded double-digit contractions, while registrations of new buses and coaches over 3.5 tonnes in November recorded was the only one to grow, up 5.8% year on year, thanks to sustained demand in France and Germany.
For the January-November period, demand for EU commercial vehicles also saw a decline.
“From January to November, the EU recorded 1,569,390 new commercial vehicles, or 11.4% less than in the same period a year ago,” the ACEA said.
“The UK (-4.8%), Germany (-5.2%), France (-9.2%), Spain (-25.2%) and Italy (-32.5%) all saw their markets contract,” it added.
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