Commercial vehicles continue upward trend
December 21, 2011
Demand for new commercial vehicles in Europe continued to grow in November 2011 with figures showing registrations up 8.4% compared to the same month in 2010.
From January to November 2011, the EU market expanded by 10.5%, recording 1,769,994 new vehicles. While Germany (+18.9%) and the UK (+18.0%) performed similarly, France posted a 5.9% growth and the Spanish market contracted by 5.9% compared to the same period a year ago.
North America has also witnessed growth in the commercial vehicle sector during January-November 2011, with light truck vehicle production up 9.3% (at 6,899,908) and medium/heavy truck production up 57.8% (349,763) on the same period in 2010.
EU Passenger car registrations down but North American production up
In November, demand for new cars in the EU decreased by 3.5%, amounting to 1,030,414 units.
From January to November, new car registrations totalled 12,157,119 units in the EU. While the German market expanded by 9.1%, results in France (-0.3%), the UK (-4.5%), Italy (-10.6%) and Spain (-18.8%) were all negative, leading to an overall 1.4% downturn in the region.
In North America the results were far better, with car production in the US, Canada and Mexico up 8.8% to 5,159,556 for January – November 2011.
Edited by: Paul Whittaker, Editor ipmd.net, [email protected]
News | Articles | Market reviews | Search directory | Subscribe to e-newsletter
