The European LCV market increased by 10.2% in the first half of 2014

The European LCV market 29 countries recorded an increase of 10.2% of sales in the first half of 2014, compared to the first half of 2013, to 791 000 units (against 718 000 last year).


This significant increase (PC market growth in Europe did not exceed 6.4% over the same period) offset somewhat the decline in the European LCV market between 2007 and 2013 (-38% in six years). At the end of the year, the market volume should reach 1.58 million units, still below the level of 2011 which was already very low.


We are far from the booming years between 2000-2008 which often exceeded two million annual sales of LCVs in Europe, 2007 even  recorded a peak of 2.3 million units, a level which will be difficult to reach again in the future.


As for PC in the first half of 2014, Eastern Europe was more dynamic with an LCV sales increase of 14.1% while Western Europe increased by 9.9%.


If we sum up PCs and LCVs we can observe that the growth in the 29 European countries is on average of 6.8% (reaching 7 638 295 units) which bodes well for a volume close to 14 million units throughout the year. Let us recall that Inovev estimated the the Chinese market at 22 million units, the U.S. market at 16.3 million units and the Japanese market at 5.8 million units over the same period. 

 

14-24-4  


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