VWAPY - EU commercial vehicle new registrations -16.4% in October

Commercial vehicle registrations in the European Union fell 16.4% to 144,409 units in October, followed by 12.3% decline in September. All major EU markets recorded double-digit declines: Italy -22.9%, Germany -24.3%, France -23.3% and Spain -32.7%. On YTD basis, commercial vehicle registrations up 14.7% to 1.6M units. Italy recorded +22.2%, followed by Spain +4.5%, France +11.8%, and Germany +4.3%. New light commercial vehicles registrations fell 17.8% to 119,006 units for the month. Spain saw the strongest drop -36.8%, followed by Germany -25.2%, France -24.6% and Italy -22.8%. New heavy commercial vehicles registrations down 4.5% to 19,922 units. Registrations of new medium and heavy commercial vehicles slipped 21.9%, France -28.4% and Italy -48.7% dragged down the region’s overall performance. Registrations of new medium and heavy buses & coaches fell 7.5% to 23,479 units. A quick look at the commercial registration twelve month trend in EU: Sector Watch: Audi (OTCPK:AUDVF), Ford (NYSE:F), Nissan (OTCPK:NSANY), Toyota (NYSE:TM), Honda (NYSE:HMC), Stellantis (NYSE:STLA), Tesla (NASDAQ:TSLA), Mazda (OTCPK:MZDAY), Kia (OTCPK:KIMTF), Hyundai (OTCPK:HYMLF), Porsche (OTCPK:POAHY), Volkswagen (OTCPK:VWAGY),

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EU commercial vehicle new registrations -16.4% in October