European CV demand up for 5th consecutive month
Demand for new commercial vehicles within the European Union increased in January for the fifth consecutive month. Total commercial vehicle registrations grew by 4.7 per cent and totalled 132,503 units. Growth was sustained across the van, truck and heavy truck segments, while the market for new buses and coaches contracted. Out of the most significant markets, Spain recorded the highest upturn, with registrations rising 44.9 per cent year-on-year. Italy posted 12.2 per cent growth while demand in the UK rose 5.3 per cent despite a sharp year-on-year decline in truck and heavy truck registrations. Registrations in Germany rose 3.0 per cent. France was the only major market recording a decline, with registrations down 5.1 per cent year-on-year.