ERJ staff report (DS)
Brussels - European demand for commercial vehicles declined in both July and August according to new data from ACEA, the federation of European vehicle makers. From January to August, the EU recorded 1,131,238 new vehicles, or 10.3 percent less than in the same period a year earlier. Germany (-2.5 percent), the UK (-4.0 percent), France (-7.0 percent), Spain (-24.9 percent) and Italy (-35.3 percent) all saw their markets contract.
In July, demand for new commercial vehicles was down 5.1 percent in the EU*, following the downward trend commenced in January. While the French (+0.7 percent) and British (+8.5 percent) markets expanded, Germany (-2.9 percent), Spain (-21.4 percent) and Italy (-28.4 percent) all recorded negative results.
In August, demand further declined (-12.4 percent), totaling 102,877 units, as downturn prevailed across the major markets, ranging from -6.0 percent in Germany to -11.5 percent in the UK, -15.5 percent in France, -25.0 percent in Spain and -27.2 percent in Italy
Eight months into the year, demand for new vans decreased by 11.5 percent, totaling 916,981 units. Germany (-1.2 percent), France (-7.4 percent), the UK (-8.1 percent), Spain (-25.0 percent) and Italy (-36.0 percent) were all affected by the downturn.
From January to August, the EU* registered 143,830 new heavy trucks, or 6.7 percent less than in the first eight months of 2011. The UK recorded positive results (+8.3 percent), while Germany (-4.4 percent) and France (-5.7 percent) performed less well than last year. The Spanish (-20 percent) and Italian (-29.3 percent) markets experienced a harsher contraction.
Over eight months, performances were diverse across countries, resulting in an overall 6.2 percent contraction of the EU* market. The UK registered 14.9 percent more trucks than in the same period last year, while France (-4.1 percent), Germany (-5.9 percent), Spain (-21.2 percent) and Italy (-30.2 percent) all saw their markets decline.
Results from January to August show a 56.8 percent growth in the UK and a 6.7 percent increase in Germany, while France declined by 3.6 percent. Italy (-32.5 percent) and Spain (-42.4 percent) faced a sharper downturn.
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Press release from ACEA