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The European commercial vehicle market grows
The first quarter of 2008 has closed with positive figures recorded in the European commercial vehicle market, which with its approximately 700 300 registrations, has seen an increase of 1.4% compared to the same period in 2007. This growth has been sustained after a fall of 4.9% recorded in the sector last March.
The data published by ACEA, the European Association of Automobile Manufacturers, shows positive results during the first three months of the year, in spite of the fall seen last month. The truth is that in spite of an aggregate figure of 1.4% the commercial vehicle sector was seriously affected during March, this was due, above all, to the fact that there were two fewer working days compared to 2007.
By sector, the least positive figures were seen in the light commercial vehicle sector, that is to say up to 3.5 tonnes, which fell by 1% in the first quarter. The other side of the story was recorded the bus market, which saw a rise of 20.5% in sales, as well as the HGV sector which saw sales rise by 13.2%.
Analysing the official figures and aggregates provided by ACEA for the first quarter, an important contrast can be seen between different countries, for example countries like Germany, France, Italy and the UK with positive signs of growth and the losses in markets such as Spain, one of the smallest in terms of volume.
4/30/2008
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