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Sales of New Commercial Vehicles in Europe fell 19.5% in May 2022

Sales of new commercial vehicles reached 147 thousand in May 2022 in the enlarged Europe (EU plus Iceland, Norway and Switzerland), according to ACEA. This is 19.5%, or 35.6 thousand fewer than in the previous year.

Historically, between January 1997 and May 2022, sales of commercial vehicles in Europe reached a high of 296 thousand in March 2017 and a low of 71.0 thousand in April 2020.

So far this year, some 740 thousand vehicles were sold in Europe, down 27.8% yoy.

Sales of New Cars in Europe fell 12.5% in May 2022

Sales of new cars decreased by 136 thousand in May compared to last year

In the first five months of the year, the decline reached 12.9% yoy

Iceland performed relatively the best (up 65.9% yoy) while sales in Lithuania showed the weakest change compared to the last year (down 33.1% yoy)