29 January 2013 10:17 [Source: ICIS news]
LONDON (ICIS)--New registrations for commercial vehicles in the EU continued to decline in December, according to data from the European Automobile Manufacturers’ Association (ACEA) on Tuesday.
In December, demand for new commercial vehicle registrations reached its lowest level since October 2009, dropping by 23.4% to 125,825 units, compared with the same month the year before. Downturns in major markets ranged from -15.5% in the UK to -20.3% in Italy, -21.3% in France, -24.7% in Germany and -34.2% in Spain.
A wide variety of chemical markets depend on demand from the automotive industry.
In December, registrations for new light commercial vehicles up to 3.5 tonnes, or vans, amounted to 103,254 units, or 24.3% less than in the same month the year before, with declines in all major markets, from -14.2% in the UK to -19.6% in Italy, -21.7% in France, -24.3% in Germany and -32.7% in Spain.
December registrations in the EU for new heavy commercial vehicles over 16 tonnes, excluding buses and coaches, totalled 14,267 units, down by 21.7% from the same month the year before, as all significant markets faced a double-digit downturn.
A total of 19,309 new registrations for new commercial vehicles over 3.5 tonnes, excluding buses and coaches, were recorded in December, a fall of 22.8% year on year, as all significant markets contracted severely. New buses and coaches over 3.5 tonnes were the only vehicle classes to expand in December, with new registrations up 11.9% year on year at 3,262 units.
For the whole of 2012, demand for EU commercial vehicles also saw a decline.
“From January to December, a total of 1,695,173 new commercial vehicles were registered in the EU, or 12.4% less than in 2011,” the ACEA said.
“The UK (-5.7%) and Germany (-7.0%) performed somewhat similarly, while the French market shrank by 10.3%, and the Spanish (-25.9%) and Italian (-31.7%) faced a more severe downturn,” it added.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections