28 June 2013 10:38 [Source: ICIS news]
LONDON (ICIS)--New registrations for commercial vehicles in the EU resumed their shift downward in May, falling by 7.4% year on year, according to data from the European Automobile Manufacturers’ Association (ACEA) on Friday.
Total registrations for the first five months of the year also slumped, by 7.5%, compared to the same period in 2012, the ACEA added.
The UK was the only major market to expand over the period, growing by 8% between January and May, with registrations in France and Germany declining by 9.4% and 10.9% respectively, and Italian registrations falling by 21.3%.
The slump follows a 3.6% year-on-year rise in new registrations in April, which had been driven in part by the fact that the EU had counted on average two more working days that month compared to April 2012. The increase had been the first recorded for the sector in the EU since December 2011.
A wide variety of chemical markets depend on demand from the automotive industry.
In May, registrations for new light vehicles up to 3.5 tonnes – vans – amounted to 110,100 units, 7.2% down on the same month the previous year. The UK (-3.8%), Germany (-8.2%), France (-11.1%) and Italy (-18.6%) all slumped during the period.
May registrations in the EU for new heavy commercial vehicles of 16 tonnes or over, excluding buses and coaches, totalled 17,392 units, 6.9% down on May 2012, with an increase in Italy (3.4%) being the only major market to show any growth.
Registrations for new commercial vehicles over 3.5 tonnes, excluding buses and coaches, decreased 8.0% year on year in May, representing a total 23,048 new units.
New bus and coaches over 3.5 tonnes showed a 9.4% decline to 2,439 units compared to May 2012.
“A total of 681,337 new commercial vehicles were registered in the region, or 7.5% less than in the first five months of last year,” the association said.
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