Truck Sales Growth Slows to 3% in Europe

Registrations of new commercial vehicles across Europe rose to 170,700 units in February from 148,600 units in the same period last year, trade group ACEA reports.

February’s sales growth of 3% compares with rates of 8% in January, 11% in December and 13% in November. European demand for trucks climbed 11% in calendar 2016.

Last month's sales improved in France (+4% to 38,400 units), Spain (+13% to 16,500) and Italy (+11% to 16,200). Volume was flat at 25,500 units in Germany and fell 3% to 16,200 vehicles in the U.K.

ACEA notes that February deliveries of heavy-duty trucks advanced 1% to 22,100 units compared with gains of 4% in January and 17% in December.