Commercial vehicle market overtakes expectations
The commercial vehicle market in Switzerland and the Duchy of Liechtenstein is booming. After the first nine months of 2017, the light and heavy goods vehicle sectors have overtaken expectations, and some of the increases were substantial.
It was unexpected as Switzerland’s State Secretariat for Economic Affairs (Seco) lowered its economic forecast for the current year from 1.4% to 0.9% in September.
23,390 new registrations were noted in the light commercial vehicle sector in the first nine months of 2017, 2.6% more than in the same period in 2016. The 2.6 t – 3.45 t vehicle segment shot up by 11.3% to 10,756 units. (ben)