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SMMT: Return to form for trucks demand helps CV market grow

Commercial vehicle market continues growth for ninth consecutive month, up 23.2% to 24,567 units. Truck registrations increase 38.6% to 2,518 units, led by pent-up demand in the market. Van market continues trend of impressive growth, up 21.7% to 22,049 units. “The truck market posted a strong return to form in January. Changes to Euro Standards … Continued

  • Commercial vehicle market continues growth for ninth consecutive month, up 23.2% to 24,567 units.
  • Truck registrations increase 38.6% to 2,518 units, led by pent-up demand in the market.
  • Van market continues trend of impressive growth, up 21.7% to 22,049 units.

UK commercial vehicle (CV) registrations January 2015

“The truck market posted a strong return to form in January. Changes to Euro Standards and Type Approval Regulations in 2014 affected demand last year, and now we are starting to see a return to business as usual,” saidMike Hawes, SMMT Chief Executive.

“The number of vans registered this month has once again increased, reflecting raised levels of business confidence and demand for a range of efficient, well equipped models. Successes in both markets have seen the total commercial vehicle market grow significantly for a ninth consecutive month.”

Van and truck registrations - rolling year trends Jan 2010 to date

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