Europe’s HCV demand poised for revival

Growth is in store for Europe's heavy commercial vehicle (HCV) market over the next year years, a welcome change to the disappointing 2014 results. Following an 11.6% decline across 33 main EU and EFTA markets last year, growth is forecast for the coming four years. Jonathan Storey, author of the Automotive World report Europe's new vehicle market prospects to 2019, believes that this year will see 2.8% growth, followed by an 8-9% rise next year and a more than 10% jump in 2017.