JANUARY 2014 COMMERCIAL VEHICLE MARKET POINTS TO STRONG BUSINESS CONFIDENCE
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%.
UK van and truck registrations: 2014 and % change on 2013
|January||% change||Year-to-date||% change||Rolling year||% change|
"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."