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European New Commercial Vehicle Sales Plunge Most Since 2009: ACEA

New commercial vehicle registrations in Europe tumbled at the sharpest pace since 2009 during May, the European Automobile Manufacturers' Association (ACEA) said Thursday.

Registrations fell 17.8 percent year-on-year in May. Sales have been falling steadily since December last year. The UK was the only market to post growth during the month.

Germany commercial vehicle sales dropped 13.6 percent year-on-year in May, while France saw a 22.1 percent decline in demand. Spain recorded a decline of 27.4 percent over a year earlier.

Italian market plunged 42.4 percent. Meanwhile, sales in the UK grew 10 percent.

During the first five months of the year, Europe's new commercial vehicle registrations fell 11.8 percent compared to the same period last year.

Sales of new light commercial vehicles fell 19 percent annually in May, while demand for heavy trucks fell 14.2 percent.

Published: 2012-06-28 07:20:00 UTC+00

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