Commercial vehicle registrations fall 37 percent in the first five months, ACEA says

Five months into 2020, demand for new commercial vehicles in the European Union shrank 36.7 percent, owing to three months of steep declines. Each of the 27 EU markets posted double-digit percentage drops so far this year, with Lithuania (-55.7 percent) and Spain (-49.3 percent) showing the highest.

In May 2020, EU commercial vehicle registrations decreased by 44.4 percent, although the decline was less pronounced than in April as measures to contain COVID-19 were relaxed. Demand fell across all commercial vehicle segments, contributing to the sharp decline recorded last month. Looking at the four largest markets of the EU, Spain (-59.0 percent) and Germany (-47.9 percent) saw the biggest losses in May, followed by Italy (-36.5 percent) and France (-35.0 percent).