The EU commercial vehicle market this January-March saw a sharp drop of 23.2% on a yearly basis due to the coronavirus pandemic, a trade group said Friday.

“In the first quarter of 2020, the EU commercial vehicle market contracted by 23.2% to 413,327 units as a direct consequence of March’s substantial slowdown,” the European Automobile Manufacturers’ Association (ACEA) announced.

It added: “In March 2020, demand for new commercial vehicles fell by 47.3% across the EU, as measures to prevent the spread of the coronavirus led to the closure of dealerships.”

While all EU markets saw declines in the first

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