HMC - EU commercial vehicle registration down 17.1% in May decline in van sales negatively affected the overall performance

New commercial vehicle registrations in the European Union fell 17.1% to 136,410 units in May, followed by 27.1% decline in April, led by decline in van sales. On YTD basis, demand for commercial vehicles in the EU decreased by 19.8% to 673,095 units, with the substantial drops in March and April weighing heavily on the year-to-date performance. All key EU markets recorded double-digit losses, with Spain witnessing the sharpest fall -29.3% for the month. New light commercial vehicles dipped 22.1% to 108,355 units. New heavy commercial vehicles up 8% Y/Y to 21,896 units. New medium and heavy commercial vehicles +3.6% to 25,603 units. New medium and heavy buses & coaches grew 32% to 2,452 units. On YTD basis, EU sales of new buses and coaches expanded by 5.6%. A quick look at past 12 months trend: Sector Watch: Audi (OTCPK:AUDVF), Ford (NYSE:F), Nissan (OTCPK:NSANY), Toyota (NYSE:TM), Honda (HMC), Stellantis (NYSE:STLA), Tesla (NASDAQ:TSLA), Mazda (OTCPK:MZDAY), Kia (OTCPK:KIMTF), Hyundai (OTCPK:HYMTF), Porsche (OTCPK:POAHY), Volkswagen (OTCPK:VWAGY), BMW (OTCPK:BMWYY), Subaru (OTCPK:FUJHY), Volvo (OTCPK:VOLAF), Daimler (OTCPK:DDAIF),

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EU commercial vehicle registration down 17.1% in May, decline in van sales negatively affected the overall performance