29 October 2013 12:42 [Source: ICIS news]
LONDON (ICIS)--New registrations for commercial vehicles in the EU rose by 6.1% year on year in September, totalling 160,038 units, according to data from the European Automobile Manufacturers’ Association (ACEA) on Tuesday.
One more working day on average across the region during the month was attributed as a major reason for the increase.
“Looking at the major markets, the French (-1.8%) and the Italian (-3.5%) shrank, in comparison with September 2012, while the German grew by 4.2% and the UK (+12.5%) and Spanish (+25.4%) posted a double-digit upturn,” the ACEA said.
In September, registrations in the EU for new light vehicles up to 3.5 tonnes – or vans – increased by 5.6% year on year, amounting to 130,789 units, while registrations for new heavy commercial vehicles of 16 tonnes or over, excluding buses and coaches, totalled 20,114, a rise of 8.7% compared with the same month in 2012, as most markets expanded.
Over the same period, registrations for new commercial vehicles over 3.5 tonnes, excluding buses and coaches, increased 7.6% year on year, representing a total 26,058 new units, as Italy was the only significant market to contract.
Registrations for new bus and coaches over 3.5 tonnes showed a 15.7% year-on-year rise to 3,191 units, to add to the overall increase in September.
However, over the front nine months, total commercial vehicle registrations in the EU were down 4.0% year on year, with 1,230,188 units.
“Spain (+1.8%) and the UK (+7.9%) recorded more vehicles [in the first nine months] than in the same period last year, while Germany (-6.9%), France (-7.0%) and Italy (-16.2%) saw their markets decline,” the ACEA added.
A wide variety of chemical markets depend on demand from the automotive industry.
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