Sales of New Commercial Vehicles in the EU Plummet by 16.4% in October

Source: ACEA

The EU posted a 16.4% decline in sales of new commercial vehicles in October, with all major segments recording a slump. DAX is down -3.34%, EURUSD is up +0.82%.

• All of the EU’s largest markets posted a decline in vehicle registrations, with Spain down by 32.7%, Germany fell by 24.3%, while France and Italy had a 23.3% and 22.9% slip in activity, respectively.
• In the ten months to October, almost 1.6 million vehicle units were sold, an increase of 14.7% from the prior year, boosted by robust activity in the first half of the year relative to 2020.
• Vehicle sales in Italy rose by the highest at 21.9%, while France followed at 12.2% in the January to October 2021 period. Spain and Germany posted a 3.7% increase in the same period.