29 May 2013 10:18 [Source: ICIS news]
LONDON (ICIS)--New registrations for commercial vehicles in the EU increased by 3.6% year on year in April – the first rise since December 2011 – mainly sustained by demand for new vans, according to data from the European Automobile Manufacturers’ Association (ACEA) on Wednesday.
The industry body said the region counted on average two more working days during the period compared with the April last year, which would also account for the increase.
“In absolute figures, the total number of registrations was about 100,000 units below the pre-crisis level recorded in April 2008,” it added.
“Looking at the major markets, the UK significantly expanded (+29.5%), while Spain (+7.0%) and Germany (+3.7%) recorded more moderate growths. The French (-3.8%) and Italian (-20.2%) markets shrank,” the ACEA said.
A wide variety of chemical markets depend on demand from the automotive industry.
In April, registrations for new light commercial vehicles up to 3.5 tonnes – vans – amounted to 116,657 units – 5.8% more than in the same month the previous year. The UK (+43.0%), Spain (+11.5%) and Germany (+6.6%) contributed positively to the upturn.
April registrations in the EU for new heavy commercial vehicles of 16 tonnes or over, excluding buses and coaches, totalled 18,252 units – down by 5.8% from the same month the previous year, as all significant markets in Germany, the Netherlands, France, Spain and the UK contracted.
A total of 24,066 registrations for new commercial vehicles over 3.5 tonnes, excluding buses and coaches, was recorded in April – a fall of 5.2% year on year, as a downturn prevailed across significant markets.
Registrations for new buses and coaches over 3.5 tonnes showed a 3.1% decline to 2,532 units compared with April 2012, the ACEA said.
Four months into the year the downturn prevailed across all segments, with only the UK posting growth (+11.3%), while France (-9.0%), Germany (-11.2%), Spain (-12.9%) and Italy (-23.9%) all showed a decline in EU commercial vehicle registrations.
“Overall, the EU registered 545,049 new vehicles – 7.6% less than in the first four months of 2012,” the ACEA said.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections