ACEA reports mixed results for EU commercial vehicle registrations in first quarter

May 1, 2024

The European Automobile Manufacturers' Association has released a report revealing the results of the EU commercial vehicle market in Q1 2024 (Courtesy ACEA)
The European Automobile Manufacturers’ Association has released a report revealing the results of the EU commercial vehicle market in Q1 2024 (Courtesy ACEA)

The European Automobile Manufacturers’ Association (ACEA), headquartered in Brussels, Belgium, has released a report revealing the state of the EU commercial vehicle market in the first quarter of 2024.

The ACEA reported a 12.6% rise in new EU van sales in Q1, with nearly 400,000 units sold on the back of strong results in key markets. Italy led with 19.4% growth, followed by Germany at 12.7%, Spain a 10.9%, and France at 8.7%.

THE WORLD OF POWDER METALLURGY TO YOUR INBOX
Subscribe to our weekly newsletter
Sign up

In contrast, new EU truck registrations fell by 4% to 85,296 units. This was mainly due to a 5.4% decrease in heavy-truck sales and despite a 5% growth in medium trucks. Germany and France reported slight decreases of 2.2% and 0.3%, respectively. Spain and Italy defied the trend with gains of 15.7% and 6.6%, respectively.

Bus sales also had a positive start to the year, with new EU registrations surging by 23.3% compared to the first quarter of 2023, totaling 9,624 units. While sales dropped by 16.8% in France, three major markets grew substantially: Germany (+20%), Italy (+18.3%), and Spain (+7.6%).

Vans

Diesel was the preferred choice for new vans in the EU in the first quarter of 2024. Sales rose by 12.2% to 336,698 units, holding a stable 84.2% market share (a slight dip from 84.5% in Q1 2023). Petrol models increased by a significant 18.8%, accounting for 6.1% share. Electrically chargeable vans experienced 4.2% growth, capturing a 5.8% market share, a slight decrease from 6.2% last year. Hybrid van sales are gradually gaining pace, with a 12.6% growth, while only accounting for 2.2% share of the market.

Trucks

Diesel also maintained its dominance in the truck market in the first quarter of 2024. Diesel trucks accounted for 95.5% of new EU registrations, despite a 4.5% drop compared to the previous year. Electrically chargeable trucks grew by a robust 29.5%, securing almost 2% of the market share, up from 1.4% last year. Germany led this expansion with a 173.7% growth, contributing to 56% of the EU’s electrically chargeable truck sales.

Buses

New EU electrically chargeable bus registrations rose by 10.3% in the first quarter of 2024. However, the market share decreased slightly from last year’s 13.7% to 12.3%. Germany, the largest market by volume, grew by 20.7%. Romania’s market increased by 149.2%, making it the second-largest market for electrically chargeable buses. France, previously the largest market, saw its electrically chargeable bus sales experience a marginal decline of 1.9%, and now make up 10.9% of the market. Diesel bus registrations grew by 38.8% and now represent a 70.7% market share, an increase from the previous year’s 62.8%.

www.acea.auto

Download PM Review magazine

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link