- New commercial vehicle registrations in the European Union fell 17.7% to 136,410 units in May, followed by 27.1% decline in April, led by decline in van sales.
- On YTD basis, demand for commercial vehicles in the EU decreased by 19.8% to 673,095 units, with the substantial drops in March and April weighing heavily on the year-to-date performance.
- All key EU markets recorded double-digit losses, with Spain witnessing the sharpest fall -29.3% for the month.
- New light commercial vehicles dipped 22.1% to 108,355 units.
- New heavy commercial vehicles up 8% Y/Y to 21,896 units.
- New medium and heavy commercial vehicles +3.6% to 25,603 units.
- New medium and heavy buses & coaches grew 32.8% to 2,452 units.
- On YTD basis, EU sales of new buses and coaches expanded by 5.6%.
- A quick look at past 12 months' trend:
- Sector Watch: Audi (OTCPK:AUDVF), Ford (NYSE:F), Nissan (OTCPK:NSANY), Toyota (NYSE:TM), Honda (HMC), Stellantis (NYSE:STLA), Tesla (NASDAQ:TSLA), Mazda (OTCPK:MZDAY), Kia (OTCPK:KIMTF), Hyundai (OTCPK:HYMTF), Porsche (OTCPK:POAHY), Volkswagen (OTCPK:VWAGY), BMW (OTCPK:BMWYY), Subaru (OTCPK:FUJHY), Volvo (OTCPK:VOLAF), Daimler (OTCPK:DDAIF), Aston Martin Lagonda (OTCPK:AMGDF) and Renault (OTC:RNSDF).