EU: Commercial vehicle market expands in February

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ANKARA

 Working to shake off the COVID-19 pandemic’s fallout, the EU commercial vehicles market expanded in February after shrinking significantly a month earlier, a trade group said on Wednesday.

Commercial vehicle sales rose 1.2% year-on-year to 156,444 units in the 27-member bloc, data from the European Automobile Manufacturers’ Association (ACEA) showed.

Noting that all vehicle segments – except buses and coaches – made positive contributions to the growth, the ACEA said demand was largely driven by Central European countries, which posted a rise of 17.2%.

Registrations in all key Western European markets contracted last month, with the exception of Italy (up 10.1%).

In the first two months of this year, the market narrowed 3.3% on an annual basis, with 297,651 units registered in total.

Among the four key EU markets, Spain saw the steepest decline (-22.0%) in January-February, followed by Germany (-9.6%).

The sales volume in France was down marginally (0.2%) compared to the same period last year, while Italy was the only major market to post an increase (1.9%).

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