CV registrations continue to increase here and across Europe

Demand for new commercial vehicles increased in the EU for the eighth consecutive month in August, according to new numbers published by ACEA (European Automobile Manufacturers Association) last week. Overall registrations were up 8.7 per cent year-on-year in August, with Spain and Italy posting the biggest gains.

Cv-registrations

HCV sales in ireland for the first 8 months of this year are up 10.44 per cent according to the SIMI. After a sluggiish start to the year, HCV sales for June (+89pc), July (+41pc) and for August (+ 24pc) have really been great here in Ireland.

 The UK also saw strong growth and France was stable and Germany saw a decline compared to the same month last year.
In year-to-date numbers, the overall EU market is up 11.8% on 2014 registrations to the end of August. Again, Spain reported the strongest growth, ahead of the UK and Italy.
In terms of individual market segments, the results were all positive. Bus and coach registrations posted the strongest growth, up 23.1% over the same month last year and 16.5% year-to-date. The UK market led the way, recording a 117.5% increase over August 2014 numbers.
Heavy commercial vehicles over 16 tonnes recorded a 19.0% increase year-on-year for August, and currently runs 20.7% ahead of 2014 numbers year-to-date.

Medium and heavy vehicle over 3.5 tonnes recorded a 14.7% increase in registrations compared to last August, which means the year-to-date registrations are 16.6% ahead of last year’s numbers.
Ireland leads the way in LCV sales

The largest segment, light commercial vehicles up to 3.5 tonnes, saw a 7.0 per cent increase year-on-year for August, and year-to-date numbers are currently 10.8% ahead of 2014.

However, Ireland LCV growth numbers currently dwarf the Euro average. In the year-to-date up to the end of August the SIMI figures show that new LCV registrations are up by 52,o1 per cent.

This year’s growth in LCV registrations is broken down as follows: January (+72.77pc), February (+44.93pc), March (+52.94pc), April (+57.86pc), May (+34.78pc), June (+51.33pc), July (+48.48pc), and August (+31.25pc). It makes very impressive reading.