Commercial Vehicle Industry News – Ireland & Europe

commercial vehicle

SIMI releases statistics on both the positives and negatives of commercial vehicle registration in Ireland.

The latest news in the commercial vehicle industry sheds light on both the positives and negatives for commercial vehicle registrations in Ireland.

According to official statistics by the Society of the Irish Motor Industry (SIMI) new Light Commercial Vehicle (LCV) registrations are up by 8.4% (752) when compared to the same time period in June 2018 (694), while registrations year to date are down 7.6% (15,386).

New Heavy Commercial Vehicles (HGV) increased by 72.68% (316) in comparison to June 2018 (183) and year to date are up 14.6% (1,797).

Brian Cooke, SIMI Director General, said:

“Despite Ireland’s strong economic performance, every county in Ireland has seen a reduction on last year, reflecting the uncertain trading environment arising from Brexit.

“July marks the start of the 192-registration period, with many in the Industry already turning their focus on October’s Budget, which coincides with Brexit.

“In the current fragile business context, SIMI is urging the Government to exercise extreme caution in dealing with motor-related taxation.”

192 June New Vehicle Stats

  • Light Commercial Vehicles sales year to date (2019) 15386 v (2018) 16,651 -7.6%
  • Light Commercial Vehicles sales total June (2019) 752 v (2018) 694 +8.4%
  • Heavy Goods Vehicle total sales year to date (2019) 1797 v (2018) 1568 +14.6%
  • Heavy Goods Vehicle total sales June (2019) 316 v (2018) 183 +72.68%

Meanwhile, from January to May 2019, the EU market for commercial vehicles grew by 6.5%, counting 1.1 million new vehicles in total. The statistics come from the European Automobile Manufacturers’ Association (ACEA). Germany led this growth with a 14.7% increase, followed by the United Kingdom (+7.9%), France (+7.7%), Italy (+3.9%) and Spain (+3.3%).

New Light Commercial Vehicles (LCV) up to 3.5t

From January to May 2019, registrations of new light commercial vehicles grew by 5.9% to reach 908,291 vehicles sold. Each of the largest markets made a positive contribution to the region’s overall performance: Germany (+14.7%), the United Kingdom (+7.5%), France (+6.9%), Italy (+6.0%) and Spain (+3.8%).

New Heavy Commercial Vehicles (HCV) of 16t and over

From January to May 2019, 143,694 heavy trucks were registered across in the European Union, or 8.6% more than during the same period in 2018. The UK (+17.6%), Germany (+14.8%) and France (+14.5%) posted strong increases, while the Italian (‐8.6%) and Spanish (-1.9%) markets saw falling demand for new heavy trucks.

New Medium & Heavy Commercial Vehicles (MHCV) over 3.5t

So far in 2019, the EU truck market expanded by 9.6% to reach 176,548 units in total. Germany (+15.9%), the United Kingdom (+15.3%) and France (+13.9%) were the main drivers of this growth. By contrast, new truck registrations decreased in Spain and Italy (-1.9% and -7.6% respectively) five months into the year.

New Medium and Heavy Buses & Coaches (MHBC) over 3.5t

January to May 2019 saw a demand for new buses and coaches experiencing a modest increase (+4.2%), mainly due to the strong performance of the segment in May. The Central European markets (+26.5%) made an important contribution to this positive result, especially given that three of the five largest EU markets posted declines so far in 2019.