In January 2020, commercial vehicle registrations fell by 11.5% across the EU. With the exception of passenger vehicles, demand fell across all segments. The slowdown in van sales – making up more than 80% of EU commercial vehicle demand – had a major impact on the overall performance across the sector.
All four major EU markets posted declines in January, with Spain recording the strongest decline (-19.3%), followed by France (-9.1%), Germany (-7.6%) and Italy (-2.9%).
EU Total Vehicle Registrations 2018 – 2020
UK New Commercial Vehicle Registrations
Light Commercial Vehicle (LCV) – New Registrations
During the first month of 2020, registrations of LCVs dropped once again (-10.2%) after the increase observed in December. The region’s four largest markets contributed to this decline: Spain (-20.2%), France (-9.2%), Germany (-3.0%) and Italy (-2.4%).
EU Light Commercial Vehicle Registrations 2018 – 2020
UK Light Commercial Vehicle Registrations 2018 – 2020
New heavy commercial vehicles (HCV) of 16t and over
January 2020 results in the heavy-duty segment continued the downward trend that has taken hold since August 2019 (in large part following the introduction of the new smart tachograph regulations). As a result, demand for new heavy trucks dropped by 21.7% in the first month of the year. All four key EU markets registered negative growth in January, with most suffering double-digit losses, like Germany (-26.0%), Spain (-15.9%) and France (-14.2%).
EU Heavy Commercial Vehicle Registrations 2018 – 2020
UK Heavy Commercial Vehicle Registrations 2018 – 2020