The European LUV market is restarting very strongly in 2021
- The European light utility vehicles (LUV) market recovered very well in the first quarter of 2021, showing an increase of 26.2% compared to the first quarter of 2020 and practically returning to the level of 2019 which had been a year record for LUV sales. With 533,000 vehicles sold in the first quarter of 2021, we are getting closer to the 561,000 sales in the first quarter of 2019 and away from the 434,000 sales recorded in the first quarter of 2020.
- This recovery started in February 2021 but it was amplified in March. It is likely that the next few months will confirm this trend. Companies that buy this type of vehicle therefore anticipate a return to normality, after a year of uncertainty following the coronavirus crisis and its multiple consequences. They expect the economy to pick up sharply after a year of a sluggish economy.
- The European countries which benefited the most from this improvement were Sweden, Great Britain, Austria and Italy, which recorded increases of more than 40% in their LUV sales, with France and Poland recording increases of around 35%. Germany is only seeing an increase in LUV sales of just 5%, but it held up well last year. Spain recorded a 12% increase in sales.
- All in all, France is stepping up its lead over Germany and remains the leader in this LUV market, ahead of Great Britain, Germany, Italy and Spain.
Contact us: info@inovev.com