Commercial vehicle registrations in June dip 22.5%

Jul. 29, 2022 10:49 AM ETPCAR, CMI, MBGAF, ALSN, CNHIBy: Manshi Mamtora, CFA1 Comment

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  • H1 2022 shows a drop of 20.5% in European Union with 817,090 units sold. Commercial vehicle registrations with Spain down 30.4%, France down 22.1%, Germany down 18.8% and Italy down 10.3%.
  • June sales tumbled by 22.5% compared to last year, counting 144,210 units.
  • Primary reason for drop was declining sales of new vans (comprising 80% of total commercial vehicle registrations), supported by growth in truck registrations.

  • Spain (-26.9%), Germany (-26.1%), Italy (-21.3%) and France (-20.9%) major markets showed double-digit losses.
  • Bus & Coach segment lost 8.7%, while Heavy Trucks and Trucks gained 4.6% and 2.2%.
  • So far in 2022, new bus registrations across the EU grew 2.8%, boost provided in March and May. Four key markets, Spain posted the strongest result up 46.2%; France remained stable marginally up 0.2%, whilst Germany and Italy dropped 20.5% and 10.5% respectively.
  • Light Commercial Vehicle trend over the years:

  • Heavy Commercial Vehicle trend over the years:

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