European CV sales down by 9 percent in 2008

ERJ staff report (DS)

Brussels — In 2008, demand for new commercial vehicles decreased by 9.0 percent across Europe reflecting the impact of the economic crisis in the second half of the year and marking the sharpest downturn in demand since 1993.

After a slight increase in the first quarter of 2008 (+1.3 percent), new registrations backtracked in the second quarter (-2.7 percent) and dropped more dramatically in the third (-12.0 percent) and fourth (-24.0 percent).

In total, 2.516 million new vehicles were registered…

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