Compared to Passenger Cars, the Light Commercial Vehicle market sometimes seems to be less important. In terms of pure sales volume, this segment is of course significantly smaller than the Passenger Car business. New model releases are also comparatively rare, and the electrification of LCVs is still at the beginning. Nevertheless, Dataforce has taken a closer look at this segment of the market as there are interesting findings to be discovered.
France and UK are the biggest markets by far
Let’s start our analysis with the size of the European market. Within the big twelve countries, there are huge differences in new registrations volumes of LCV up to 7t. With six-figure registrations in the period January to April 2023, France and the UK are clearly the biggest markets by volume. With just over 82,000 units, Germany follows in third place ahead of Italy and Spain.
Overall, the European LCV market is currently growing by 9.7% compared to January to April 2022. However, there is still a lot to catch up with a gap of more than 100,000 units in comparison to the year 2021.
In terms of relative growth rates, Spain, the Czech Republic and Austria currently stand out, followed by another group of five countries with double-digit growth rates. Only France and Poland are currently reporting a decline.