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PCAR - Commercial vehicle registrations in June dip 22.5%
PACCAR Inc.
H1 2022 shows a drop of 20.5% in European Union with 817,090 units sold. Commercial vehicle registrations with Spain down 30.4%, France down 22.1%, Germany down 18.8% and Italy down 10.3%.
June sales tumbled by 22.5% compared to last year, counting 144,210 units.
Primary reason for drop was declining sales of new vans (comprising 80% of total commercial vehicle registrations), supported by growth in truck registrations.