TSLA - European Union market for commercial vehicles +0.1% in November
Commercial vehicle registrations in the European Union slightly improved by 0.1% to 167,315 units in November, followed by 1.2% decline in October.The major EU markets posted mixed results in November, with registrations contracting in Spain -7.0% and France -3.1% while Italian +11.7%and German +4.3% markets expanded.On YTD basis, commercial vehicle registrations declined 20.3% to ~1.5M units. All 27 EU markets continued to record double-digit decline, including the four major ones: Spain -28.4%, France -18.4%, Germany -16.3% and Italy -15.6%.New light commercial vehicles registrations -0.5% Y/Y to 137,735 new vans, supported by sales Germany +6.2% and Italy +10.3%.New heavy commercial vehicles registrations up by 6% to reach 20,620 units. supported by +28.6% growth in Central European countries.Registrations of new medium and heavy commercial vehicles grew 3.7% to 25,213 units.Registrations of new medium and heavy buses & coaches slipped 5.1% to 2,644 units.Sector Watch: Audi (AUDVF), Ford (F), Nissan (NSANY), Toyota (TM), Honda (HMC), Fiat Chrysler Automobiles (FCAU), Tesla (TSLA), Mazda (MZDAY), Kia (KIMTF), Hyundai
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European Union market for commercial vehicles +0.1% in November