Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

New commercial vehicle (CV) sales in the EU rose by 1.2pc to 156,444 units last month compared to February 2019, according to the European Automobile Manufacturers Association (ACEA). 


The ACEA noted that the increase in sales was driven by demand in Central European countries like Germany, Austria, the Netherlands, and Ireland while sales fell in most West European states except Italy. Sales of light commercial vehicles (LCV) in the EU stood at 130,825 units in February, up by 0.4pc from the same month last year. Heavy CV (HCV) sales increased by 8.8pc to 19,630 units.


In January-February, CV sales fell short by 3.3pc from the same period last year at 297,651 units. During the same period, LCV sales declined by 3.6pc, offset by a 2pc increase in HCV sales. 

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