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







Published by Gerald Ferreira Date: February 6, 2012
Categories:

  • 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 % change Year-to- date % change Rolling year % change
Vans 14,338 -16.4% 14,338 -16.4% 257,337 12.6%
Trucks 3,586 45.4% 3,586 45.4% 44,063 24.6%
Total 17,924 -8.6% 17,924 -8.6% 301,400 14.2%

“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

January Jan-12 Jan-11 % change
Pickups 1,633 1,911 -14.5%
4x4s 455 485 -6.2%
Vans <= 2.0t 2,473 3,371 -26.6%
Vans > 2.0 - 2.5t 1,983 2,018 -1.7%
Vans > 2.5 - 3.5t 7,794 9,369 -16.8%
All Vans to 3.5T 14,338 17,154 -16.4%
Rigids > 3.5 - 6.0t 395 331 19.3%
Rigids > 6.0 - 16t 815 387 110.6%
Rigids > 16t 1,050 503 108.7%
All rigids 2,260 1,221 85.1%
2-axle artics 213 280 -23.9%
3-axle artics 1,113 966 15.2%
All artics 1,326 1,246 6.4%
Year-to-date Jan-12 Jan-11 % change
Pickups 1,633 1,911 -14.5%
4x4s 455 485 -6.2%
Vans <= 2.0t 2,473 3,371 -26.6%
Vans > 2.0 - 2.5t 1,983 2,018 -1.7%
Vans > 2.5 - 3.5t 7,794 9,369 -16.8%
All Vans to 3.5T 14,338 17,154 -16.4%
Rigids > 3.5 - 6.0t 395 331 19.3%
Rigids > 6.0 - 16t 815 387 110.6%
Rigids > 16t 1,050 503 108.7%
All rigids 2,260 1,221 85.1%
2-axle artics 213 280 -23.9%
3-axle artics 1,113 966 15.2%
All artics 1,326 1,246 6.4%
Rolling Year Jan-12 Jan-11 % change
Pickups 25,891 20,310 27.5%
4x4s 6,648 5,532 20.2%
Vans <= 2.0t 44,668 44,770 -0.2%
Vans > 2.0 - 2.5t 33,865 28,172 20.2%
Vans > 2.5 - 3.5t 146,265 129,739 12.7%
All Vans to 3.5T 257,337 228,523 12.6%
Rigids > 3.5 - 6.0t 5,598 6,849 -18.3%
Rigids > 6.0 - 16t 8,880 7,163 24.0%
Rigids > 16t 11,085 8,374 32.4%
All rigids 25,563 22,386 14.2%
2-axle artics 3,077 2,366 30.1%
3-axle artics 15,423 10,620 45.2%
All artics 18,500 12,986 42.5%

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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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