- Dataforce has analysed the market development of light and heavy commercial vehicles in Europe. The period January-February 2024 was analysed.
- In addition to the top 5 manufacturers, Toyota in particular grew in the light commercial vehicle segment. Overall, the market is growing significantly.
- Scania moved up to third place in the heavy commercial vehicle segment, passing Volvo Trucks and DAF. Overall, the market declined slightly as fewer new semi-trailer trucks were registered.
- The electrification of the commercial vehicle market continues to be sluggish. The only exception is buses, where 15% of new registrations are now fully electric.
In the first two months of the year, European commercial vehicle registrations grew by 12%. However, the market owes this positive result primarily to the development of light commercial vehicles up to 7 tonnes, which increased by 15%. In contrast, registrations of heavy commercial vehicles over 7 tonnes fell slightly by a half percentage point. The high interest rates and energy costs as well as the shortage of drivers are slowing down the market recovery.
Manufacturers and fuel types for light commercial vehicles
In the light commercial vehicle segment, almost all brands recorded growth in January and February. Market leader Renault achieved almost 40,000 registrations with a growth of 12%. Ford was only just behind with growth of 13% and a good 37,000 new registrations. VW Commercial Vehicles increased by 17% and thus continues to hold 3rd place among European manufacturers. The top 5 brands were completed by Mercedes (+8 per cent) and Peugeot (+20 per cent).
Toyota achieved the largest growth among the top manufacturers. With an increase of 45%, the brand took the eighth place ahead of Opel and Iveco. The Hilux pickup remains by far Toyota’s most important model, with 6,700 new registrations in the first two months, well ahead of the Proace City (4,246 Nzl) and the Proace (2,591 Nzl).
Customers have been slow to respond to the now very wide range of electrically powered light commercial vehicles. Although new registrations of battery-electric vehicles increased by 20%, this only represents a marginal increase in market share from 6.0% to 6.2%. Just under 85% of newly registered vehicles came with a diesel powertrain.