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SMMT: Continued truck registrations decline subdues April market despite stable van performance

Total commercial vehicle registrations dipped 4.2% in April to 23,338; rolling year up 13.0% to 334,808. Van demand in April 2014 remained stable with 20,620 registrations, consistent with April 2013, maintaining the year-to-date margin of +12.2%. SMMT revised its van forecast to 301,320 – a rise of 11.2% on 2013. Truck registrations continue to feel … Continued

  • Total commercial vehicle registrations dipped 4.2% in April to 23,338; rolling year up 13.0% to 334,808.
  • Van demand in April 2014 remained stable with 20,620 registrations, consistent with April 2013, maintaining the year-to-date margin of +12.2%. SMMT revised its van forecast to 301,320 – a rise of 11.2% on 2013.
  • Truck registrations continue to feel the effects of the emissions standard changes with volumes down 24.9% in the month. The rolling year to April, however, remained up 22.3%.

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

CV Table 1

“Ongoing robust demand for vans continued the year-to-date trend in line with SMMT’s revised van forecast for 2014, a forecast that should see the market grow more than 11% on 2013,” said Mike Hawes, SMMT Chief Executive. “The overall market remained subdued, however, as the Euro-6 lag continued for trucks. Demand for HCVs is likely to remain behind 2013 all year, but volumes should recover as we approach mid-year.”

CV Graph 1

Click through to download the full April 2014 commercial vehicle news release and data tables.

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