JANUARY 2014 COMMERCIAL VEHICLE MARKET POINTS TO STRONG BUSINESS CONFIDENCE







Published by Gerald Ferreira Date: February 6, 2014
Categories: General News

SMMT VAN AND TRUCK REGISTRATIONS

6 February 2014 (data for January 2014)

  • Total commercial vehicle registrations grew 5.3% in January to 19,939 units; rolling year total up to 328,299.
  • Vans rose 12.9% on the back of robust business confidence, accelerating the 12 months to January by 13.2%.
  • As expected, truck registrations stalled following move to Euro-6; the rolling year is up 22.6%.

Commercial-Vehicle-Market

UK van and truck registrations: 2014 and % change on 2013

January % change Year-to-date % change Rolling year % change
Vans 18,122 12.9% 18,122 12.9% 273,146 13.2%
Trucks 1,817 -37.0% 1,817 -37.0% 55,153 22.6%
Total 19,939 5.3% 19,939 5.3% 328,299 14.6%

"The overall commercial vehicle market grew 4.4% in January as more robust business confidence boosted van registrations," said Mike Hawes SMMT Chief Executive. "As expected, the pre-Euro-6 rush at the end of last year dented truck volumes in January – a market factor we expect to continue for some months. Looking ahead, SMMT is confident that van registrations will continue to grow at a sustainable rate, while truck demand should level out over the full year."