TSLA - EU commercial vehicle new registrations fell 14.7% in November

New commercial vehicle registrations in the European Union fell 14.7% to 142,480 units in November, followed by 16.4% decline in October. Van segment’s double-digit drop weighed heavily on the overall result, as vans accounted for over 80% of total commercial vehicle sales in the European Union. All major EU markets reported double-digit declines last month: Spain -30.4%, Germany -22.1%, France -12.2% and Italy -15%. On YTD basis, commercial vehicle registrations up 11.5% to 1.72M units. Italy recorded +17.6%, followed by France +9.4%, Germany +1.3% and Spain +0.6%.  New light commercial vehicles registrations fell 16.6% to 116,119 units for the month as the ongoing shortage of semiconductors continued to hamper vehicle output. Spain saw the steep decline -33%, followed by Germany -24.7%, Italy -16.2% and France -12.1%.  New heavy commercial vehicles registrations down 3.5% to 19,888 units. Registrations of new medium and heavy commercial vehicles slipped 6% to 23,678 units. Spain -17.5%, Germany -14.1%, France -13.8%

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EU commercial vehicle new registrations fell 14.7% in November