Truck sales increase. Economies are recovering?

Author: Konrad Potocki
Truck sales increase. Economies are recovering?

Against the backdrop of weak economic performance and a drastic drop in demand for international transport, the number of trucks and van sales in Europe is rising.

Experts believe this is a result of calming supply chains and optimistic forecasts in the transportation and logistics industry. According to the latest report from the European Automobile Manufacturers Association (ACEA), registrations of new trucks increased by 20% in the last six months, which translates into nearly 180,000 new trucks on the road.
The largest number of trucks was purchased by Germany (24.8%), Italy (12.6%), France (12.3%), and Poland (10.8%), which are the top transportation markets in Europe. However, almost all EU countries saw double-digit increases in new truck registrations. Economists are particularly pleased to see such a high increase in purchases in Germany, as it is the engine of the European economy on which the health of continental supply chains largely depends. Indeed, the intensive purchases of new trucks may herald Germany’s recovery from a period of shallow recession.

Another important trend emerges from data released by ACEA: carriers are preparing for zero-emission on the road. In the first half of 2023, the number of electrically powered trucks increased by as much as 351.5%.

Although this is still not much compared to the overall transport market, only 1.3%, the rate of growth is impressive. After all, last year the number of electrically powered trucks increased by only 0.4%. It is important to remember that if carriers want to fulfill the Fit for 55 targets, the growth rate of electric trucks should be at least several hundred percent in the coming years.