ARGGY - European Union commercial vehicle sales declined 15.7% in February
New commercial vehicle registrations in the European Union fell 15.7% to 131,874 units in February, followed by 11.1% decline in January. Except for heavy commercial vehicles, all segments recorded declines. Spain -23.3%, France -21.4%, Germany -8.1% and Italy -4.8%. On YTD basis, demand for commercial vehicles in the EU decreased by 13.5% to 257,127 units. New light commercial vehicles registrations fell 18.2% to 99,461 units for the month due to semiconductor shortages. New heavy commercial vehicles registrations rose 0.4% to 19,690 units. Registrations of new medium and heavy commercial vehicles down 1.5% to 23,124 units. This decline was mainly the result of double-digit losses in several Central European markets, which dragged down the region’s overall performance. Registrations of new medium and heavy buses & coaches dipped 12.9% to 1,851 units for the month. Last 12 months trend: 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:HYMTF), Porsche (OTCPK:POAHY), Volkswagen (OTCPK:VWAGY), BMW (OTCPK:BMWYY), Subaru (OTCPK:FUJHY), Volvo (OTCPK:VOLAF), Daimler (OTCPK:DDAIF), Aston
For further details see:
European Union commercial vehicle sales declined 15.7% in February