Commercial vehicles registrations decline by 30.8% in November

In November, new registrations of commercial vehicles in Europe dropped by a record 30.8% to 169,901 units. Markets in Western Europe and the new EU Member States decreased at the same pace, by 31.0% and 29.0 respectively, reflecting the fallout of the credit crunch. Demand declined in all markets.

Results were aggravated by on average two working days less across the region. With registrations down seven months in a row, accumulative figures for January to November result in a decline of 7.7% compared to the same period of last year. The 1.8% growth in the new EU Member States slightly softened the 8.8% loss in Western Europe.