MIXED START FOR 2012 COMMERCIAL VEHICLE MARKET AS JANUARY DIPS 8.6%

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Tags: General News, United Kingdom

  • Van and truck registrations dip 8.6% in January, rolling year up 14.2% to 301,400.
  • Truck registrations up 45.4% at 3,586 in the month, rolling year up 24.6% to 44,063.
  • Van registrations down 16.4% to 14,338 units in January, rolling year up 12.6% to 257,337.

UK van and truck registrations: 2012 and % change on 2011

January% changeYear-to- date% changeRolling year% change
Vans14,338-16.4%14,338-16.4%257,33712.6%
Trucks3,58645.4%3,58645.4%44,06324.6%
Total17,924-8.6%17,924-8.6%301,40014.2%

“The commercial vehicle market got off to a mixed start in January with very strong truck registrations outweighed by a fall in the van market,” said Paul Everitt, SMMT Chief Executive. “Over the course of 2012 SMMT expects the CV market to be steady, ending the year marginally up on 2011. Government support for business will be key to maintaining market stability. If confidence can be maintained through the year, we should see growth in 2013.”

Notes

The Society of Motor Manufacturers and Traders (SMMT) is one of the largest and most influential trade associations in the UK. It supports the interests of the UK automotive industry at home and abroad, promoting a united position to government, stakeholders and the media. The automotive industry is a vital part of the UK economy accounting for £49 billion turnover and £10 billion value added. With over 700,000 jobs dependent on the industry, it accounts for more than 10% of total UK exports and invests £1.3 billion each year in automotive R&D. For more details, see SMMT’s 12th Annual Sustainability Report and Motor Industry Facts at www.smmt.co.uk/publications.

UK van and truck registrations

JanuaryJan-12Jan-11% change
Pickups1,6331,911-14.5%
4x4s455485-6.2%
Vans <= 2.0t2,4733,371-26.6%
Vans > 2.0 - 2.5t1,9832,018-1.7%
Vans > 2.5 - 3.5t7,7949,369-16.8%
All Vans to 3.5T14,33817,154-16.4%
Rigids > 3.5 - 6.0t39533119.3%
Rigids > 6.0 - 16t815387110.6%
Rigids > 16t1,050503108.7%
All rigids2,2601,22185.1%
2-axle artics213280-23.9%
3-axle artics1,11396615.2%
All artics1,3261,2466.4%
Year-to-dateJan-12Jan-11% change
Pickups1,6331,911-14.5%
4x4s455485-6.2%
Vans <= 2.0t2,4733,371-26.6%
Vans > 2.0 - 2.5t1,9832,018-1.7%
Vans > 2.5 - 3.5t7,7949,369-16.8%
All Vans to 3.5T14,33817,154-16.4%
Rigids > 3.5 - 6.0t39533119.3%
Rigids > 6.0 - 16t815387110.6%
Rigids > 16t1,050503108.7%
All rigids2,2601,22185.1%
2-axle artics213280-23.9%
3-axle artics1,11396615.2%
All artics1,3261,2466.4%
Rolling YearJan-12Jan-11% change
Pickups25,89120,31027.5%
4x4s6,6485,53220.2%
Vans <= 2.0t44,66844,770-0.2%
Vans > 2.0 - 2.5t33,86528,17220.2%
Vans > 2.5 - 3.5t146,265129,73912.7%
All Vans to 3.5T257,337228,52312.6%
Rigids > 3.5 - 6.0t5,5986,849-18.3%
Rigids > 6.0 - 16t8,8807,16324.0%
Rigids > 16t11,0858,37432.4%
All rigids25,56322,38614.2%
2-axle artics3,0772,36630.1%
3-axle artics15,42310,62045.2%
All artics18,50012,98642.5%

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CV registrations at January 2012

  • January’s van registrations opened 2012 on a cautious note. At 14,338 it was below SMMT’s recently revised forecasts of 17,000 for the month, down 16.4% on January 2011 (which was up near 50% on January 2010). If the year pans-out as expected, van registrations will be stable in very weak economic and uneasy financial settings.
  • After 2011’s robust recovery in truck demand, and a notably strong final quarter, there was no let-up in January. Growth was robust again; the positive trend in very firm demand continued. Registrations of all trucks >3.5t were 3,586, up by 45.4%; trucks >6t saw 3,191 registrations, up 49.4%. SMMT is cautious, but hopes these levels of demand can hold into 2012.

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