European LCV market increased by 4.5% over 9 months 2019
- While the European market (29 countries) for passenger cars is down by 1.5% over the first 9 months of 2019, compared to the first 9 months of 2018, the European market for light commercial vehicles (under 3 , 5 tons) withstands a rise of 4.5% over the same period.
- However, it fell by almost 10% in September 2019 (the biggest drop since 2012) which could announce a reversal of this market in the coming months. Indeed, this decline does not offset a sharp rise that would have occurred in September 2018, since last year the LCV market had already dropped by 5.2%. If this reversal were confirmed, this would be bad news for the entire automotive industry because the commercial vehicle market was the only market to continue to grow since 2013. Sixteen European markets out of twenty-nine are in decline in September 2019, in this category of vehicles.
- ACEA attributes this sharp decline to the application as of 1 September 2019 of the new WLTP emission control regime for new commercial vehicles.
- The European LCV market remains dominated by France, due to its registrations of private cars converted into company cars (52 000 units were sold on the cumulative 9 months 2019, ie 15% of all LCVs. sold in this country). Great Britain is in second place, growing slightly, despite uncertainties about Brexit. Germany is in third place, well ahead of Spain and Italy.
Contact us: info@inovev.com