Europe’s Commercial Vehicle Registrations Plunged 16.4% in October

british car wing mirror with great britain gb flag in black grey and white colors

The registrations of new commercial vehicles in the EU continued their downward trend, recording another double-digit decline in October 2021.

Source: acea

Euro Stoxx 50 down -4.19%, EUR USD up +0.97%

All vehicle segments recorded declines, but van and bus sales dropped most significantly.

The EU region’s overall performance was not backed by its largest markets as the four regions reported double-digit losses the previous month.

Spain led its largest markets with huge losses with -32.7%, Germany (-24.3%), France (-23.3%), and Italy (-22.9%).

Over the last 10 months up to October, the demand for commercial vehicles in the EU expanded, attributable to the low base during the first half of 2020.

Sales volumes over the 10 months rose by 14.7% to around 1.6 million units compared to the same period last year.

The performances of the four EU markets have remained in positive territory in this current year, Italy (+22.2%), France(+11.8%), Spain(+4.5%), and Germany(+4.3%).


Brent Oil Plunges Nearly 7% On Concerns Over New Covid-19 Variant

Previous article

Bank of Tanzania is Joining Nigeria In Launching its Own CBDC

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News