You are using an older browser version. Please use a supported version for the best MSN experience.

EU commercial vehicle registrations suffered in 2022, down 14.6%; December took 5.1% hit

Seeking Alpha logo Seeking Alpha 1/28/2023

New commercial vehicle registrations in the EU retreated by 5.1% in the month of December 2022. This was mainly due to continued component shortages that affected availability. All segments suffered.

Region wise: four major markets gave mixed results, France and Italy faced losses, down 14.2% and 8.3% respectively. While, Spain saw a solid improvement up 15.2% and Germany up 8.4%, according to European Automobile Manufacturers’ Association or ACEA.

Overall in 2022, EU commercial vehicle registrations plunged 14.6%, December figures down 5.1%. Major markets figures deteriorated by France down 17.7%, Spain down 16.7%, Germany down 11.0% and Italy down 10.5%.

© Provided by Seeking Alpha

December registrations of new vans dropped by 5.1%, totaling 120,503 units sold across the EU. FY down 18.1% lower. December new heavy commercial vehicles contracted by 1.9% Y/Y. Heavy trucks registrations up 6.5% Y/Y. December new medium and heavy truck registrations fell by 3.2%, and FY figures grew 3.5%. December new buses and coaches contracted by 17.2%, while FY retreated by 5.1%.

December marks the 17th month of decline in commercial vehicle registrations, a quick look previous analysis.

Sector Watch: Ford (F), Nissan (OTCPK:NSANY), Toyota (TM), Honda (HMC), Stellantis (STLA), Tesla (TSLA), Mazda (OTCPK:MZDAY), Hyundai (OTCPK:HYMTF), Porsche (OTCPK:POAHY), Volkswagen (OTCPK:VWAGY), BMW (OTCPK:BMWYY), Subaru (OTCPK:FUJHY), Volvo (OTCPK:VOLAF), Daimler (OTCPK:DTRUY), Aston Martin Lagonda (OTCPK:ARGGY) and Renault (OTCPK:RNLSY).

Now read: CVS, Walmart to reduce pharmacy hours amid labor concerns – WSJ


More From Seeking Alpha

Seeking Alpha
Seeking Alpha
image beaconimage beaconimage beacon