The deteriorating economic environment, soaring oil prices and a reduction in working days from the same period last year (one day) led to a 5.6% year-on-year decline in sales of commercial vehicles in Europe in May. However, cumulative sales in the first five months still increased.
According to the latest data released by the European Automobile Manufacturers Association ACEA, the sales of new commercial vehicles in Europe (EU+EFTA) in May 2008 fell 5.6% year-on-year to 227,415 units; sales in the first five months rose 1.3% to 1,170,339 units.
From a market segment perspective, European light commercial vehicle sales in May fell 5.6% to 185,400 units. Among them, Spain, Portugal, Ireland and Denmark have experienced significant sales declines (falling 34%, 20.8%, 38.2%, and 31.3%, respectively), while light vehicle sales in France, Germany, the Netherlands, and Austria have continued to grow (growth rate). They were 10.8%, 2.9%, 9.7% and 3.0% respectively). Sales of light commercial vehicles in Western Europe fell by 7.1% overall, while sales in the new EU member states increased by 9.9%.
In the first five months of last year, European light commercial vehicle sales were basically flat (0.4%) in the same period of last year. Sales in Western Europe fell by 2.5% to 855, 804 vehicles.
The European heavy-duty commercial vehicle market (over 16 tons, except passenger cars) in May sales fell 5.7% year-on-year to 27,366 units. Sales in Western Europe still accounted for a large share of total European sales. Sales totaled 22,644 vehicles, which was a year-on-year decline of 3.3%. The UK, France and Italy markets showed significant growth. (The growth rates are 13.9% y/y, 10.5% y/y, and 3.5% respectively)
In the first five months of last year, sales of new heavy-duty commercial vehicles in Europe rose by 10.4% to 146,515 units, while sales in Western Europe increased by 12%.
Sales volume of medium-sized commercial vehicles (over 3.5 tons, excluding buses) in May dropped 6.9% year-on-year to 38,097 units; sales in the first five months increased 8.7% year-on-year to 197,928 units.
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