European Automobile Manufacturers Association

07/30/2024 | Press release | Distributed by Public on 07/29/2024 22:05

New commercial vehicle registrations: vans 15%, trucks 3%, buses 28.6% in H1 2024

New commercial vehicle registrations: vans +15%, trucks +3%, buses +28.6% in H1 2024

30 July 2024

In the first half of 2024, new EU van sales increased by 15%, reaching 840,409 units, driven by double-digit growth in key markets. Germany led with a remarkable 19.3% rise, followed by Spain at 18.5%, Italy at 17.8%, and France at 10.5%.

New EU truck registrations saw a more modest increase of 3%, totalling 183,295 units from January to June. This growth was primarily driven by an 18.2% increase in medium-truck sales, while heavy trucks remained stable with a 0.3% increase. Spain and Italy led with double-digit gains of 21.7% and 10.5%, respectively, while Germany (+8.1%) and France (+5.5%) also posted growth.

Bus sales had a strong start to the year, with new EU registrations surging by 28.6% compared to the first half of 2023, totalling 20,370 units. All major markets recorded growth, particularly Italy (+44.6%), Spain (+24.2%), and Germany (+17.8%).

New commercial vehicles by power source

Vans

Diesel remained the preferred choice for new EU van sales in the first half of 2024. Sales rose by 16.2% to 708,624 units, maintaining a stable 84.3% market share. Petrol models saw a significant increase of 15.3%, accounting for a 6% market share. Electrically chargeable vans experienced a 3.7% decline, capturing a 5.8% market share, down from 6.9% last year. Hybrid-electric van sales picked up pace, with an 8.3% increase, but still only makeup 2.1% of the market.

Trucks

Diesel trucks continued to dominate in the first half of 2024, representing 95.7% of new EU registrations, a 2.6% increase from the same period last year. Electrically chargeable trucks grew by a robust 51.6%, increasing their market share to almost 1.9%, up from 1.3% last year. Germany led this expansion with a 113.9% growth, contributing to 53% of the EU's electrically chargeable truck sales.

Buses

New EU electrically chargeable bus registrations rose by 45.4% in the first half of 2024, with the market share increasing from 13.7% to 15.5%. Germany, the second-largest market by volume, grew by 25.2%, while Spain increased by 21.6%, making it the third-largest market for electrically chargeable buses. However, France, the largest market, declined by 16.4%. Hybrid-electric bus sales dipped by 7.5%, now making up 9.3% of the market. Diesel bus registrations grew by 35.3%, increasing their market share from 65.1% to 68.5%.

In the first half of 2024, new EU van sales increased by 15%, reaching 840,409 units, driven by double-digit growth in key markets.

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About ACEA

  • The European Automobile Manufacturers' Association (ACEA) is the Brussels-based trade association of the 15 major car, van, truck and bus producers in Europe
  • The ACEA commercial vehicle members are DAF Trucks, Daimler Truck, Ford Trucks, Iveco Group, MAN Truck & Bus, Scania, Volkswagen Commercial Vehicles, and Volvo Group
  • Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/
  • Contact: Francesca Piazza, Senior Statistics Manager, [email protected]

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About the EU automobile industry

  • 12.9 million Europeans work in the automotive sector
  • 8.3% of all manufacturing jobs in the EU
  • €392.2 billion in tax revenue for European governments
  • €101.9 billion trade surplus for the European Union
  • Over 7% of EU GDP generated by the auto industry
  • €59.1 billion in R&D spending annually, 31% of EU total