(ICIS) -- New registrations for commercial vehicles in the EU totalled 171,670 units in November, up by 8.4% from the same month last year, an industry body said on Tuesday. According to data from the European Automobiles Manufacturers' Association (ACEA), the figures showed an improvement in all vehicle categories during November except for the buses and coaches segment, which fell 11.4% year on year to 2,627 units.
Within the other EU vehicle-registration segments for November, vans grew 8.5% year on year to 141,800 units; new heavy truck registrations increased 14.5% year on year to 20,673 units; and new commercial vehicles over 3.5 tonnes increased by 10.2% to 27,243 units.
A wide variety of chemicals markets depend on demand from the automotive industry, which has suffered badly from the effects of the global economic crisis.