According to the European Automobile Manufacturer’s Association (ACEA), in June 2019 demand for new commercial vehicles in the EU remained positive (+2.8%), marking the sixth consecutive month of growth.
With the exception of Spain (-0.7%), all major EU markets recorded solid growth in June. The UK (+18.5%) and Germany (+10.5%) saw the strongest gains last month.
EU demand for vans weakened, down 5.0% year-on-year. Light commercial vehicle registrations posted declines in German (-1.4%) and Spanish markets (-4.4%). Demand remained positive in the UK (+13.5%) and in Italy (+3%) and France (+0.4%).
Over the first half of the year, the EU market for commercial vehicles grew by 5.8%, counting 1,358,271 new vehicles in total. Germany led this growth with a 13.9% increase, followed by the United Kingdom (+10.2%), France (+6.9%), Italy (+4.8%) and Spain (+2.6%).
In June 2019, demand for new heavy trucks grew significantly (+46.9%) compared to June 2018, counting more than 40,000 units registered. The five largest markets all posted double-digit increases, strongly contributing to the region’s positive result.
During the first semester of the year, the EU truck market expanded by 16.5% to reach 228,361 units in total. The United Kingdom (+26.2%), Germany (+21.2%) and France (+17.6%) were the main drivers of this growth. Cumulative results also improved in Spain (+4.4%) and Italy, with registrations now stable compared to a year ago.
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By GlobalDataBus and coach registrations across the European Union substantially increased (+32.2%). The EU’s key markets posted mixed results, with the UK (-25.8%) and Italian
markets (-3.4%) posting declines, while demand in France (+24.9%), Germany (+20.0%) and Spain (+16.3%) grew significantly.
A free trade agreement between the EU and Mercosur, the South American trade bloc, has been welcomed by the ACEA.
Mercosur is a market of approximately 270m people, where 3.3m new cars were sold last year. The EU exported 73,000 cars to the region in 2018, representing 2.2% of the total market. By contrast, some 234,000 cars were imported into Mercosur from other countries, accounting for almost 8% of the market.