Europe's recovery in the commercial vehicle market in February is apparently weak
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In February, the number of commercial vehicle registrations in Europe fell by 3.1%. Although signs of stability were revealed, the recovery power was obviously insufficient. Truck sales also needed a long time to return to the pre-crisis period.
According to a report from March 26, the European Association of Automobile Manufacturers (ACEA) announced that European commercial vehicle sales fell by 3.1% in February. Although the impact of the automotive market has stabilized, there is little recovery momentum.
After the global financial crisis hit hard at the end of 2008, Germany’s Daimler, truck manufacturers MAN SE, Sweden’s volvo, Scania AB, and Fiat’s Iveco faced dozens The worst market in years has shrunk.
In recent months, demand has stabilized, but credit financing for new car purchases is tight and demand for transport goods has fallen. This means that it is still a long time before booming truck sales return to pre-crisis conditions.
ACEA said that the registration of new heavy trucks in Europe fell by 32% year-on-year, including EU member states and the European Free Trade Association (EFTA) countries, but not Cyprus and Malta. Sales of light vehicles rose slightly by 1.8% over the same period. 
