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SMMT: Trucks join vans on road to market growth

Commercial vehicle demand grew 27.0% in October to 35,027 units, driving the market up 14.1% to surpass 300,000 units. Truck registrations saw a sharp upturn of 65.7% to 8,457 units, marking the first month of growth for the market in 2014. Year-to-date levels remain down 9.2%. Van market continues strong performance, up 18.2% in October … Continued

Commercial vehicle demand grew 27.0% in October to 35,027 units, driving the market up 14.1% to surpass 300,000 units.

Truck registrations saw a sharp upturn of 65.7% to 8,457 units, marking the first month of growth for the market in 2014. Year-to-date levels remain down 9.2%.

Van market continues strong performance, up 18.2% in October to 26,570 units, and up 18.1% for the year-to-date.

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

October % change Year-to-date % change Rolling year % change
Vans 26,570 18.2% 268,641 18.1% 312,237 19.1%
Trucks 8,457 65.7% 35,842 -9.2% 52,603 12.1%
Total 35,027 27.0% 304,483 14.1% 364,840 18.0%

“October marks the first month of 2014 in which truck registrations have seen positive growth, given the paucity of demand following the introduction of Euro-6. While encouraging, we should treat such a sharp percentage increase with caution, owing to a relatively small total market and new type approval regulations coming into force at the end of the month,” said Mike Hawes, SMMT Chief Executive. “Van registrations also performed well, yielding solid growth for the total commercial vehicle market.”

UK van and truck registrations

Month Oct-14 Oct-13 % change
Pickups 2,581 2,350 9.8%
4x4s 695 534 30.1%
Vans <= 2.0t 2,964 2,629 12.7%
Vans > 2.0 – 2.5t 5,207 3,513 48.2%
Vans > 2.5 – 3.5t 15,123 13,447 12.5%
All Vans to 3.5T 26,570 22,473 18.2%
Rigids > 3.5 – 6.0t 548 506 8.3%
Rigids > 6.0 – 16t 1,901 887 114.3%
Rigids > 16t 3,386 1,233 174.6%
All rigids 5,835 2,626 122.2%
2-axle artics 388 455 -14.7%
3-axle artics 2,234 2,024 10.4%
All artics 2,622 2,479 5.8%
Year-to-date YTD-14 YTD-13 % change
Pickups 28,666 25,072 14.3%
4x4s 7,222 5,911 22.2%
Vans <= 2.0t 33,890 36,377 -6.8%
Vans > 2.0 – 2.5t 47,881 33,226 44.1%
Vans > 2.5 – 3.5t 150,982 126,891 19.0%
All Vans to 3.5T 268,641 227,477 18.1%
Rigids > 3.5 – 6.0t 5,522 5,590 -1.2%
Rigids > 6.0 – 16t 7,022 7,985 -12.1%
Rigids > 16t 10,733 9,993 7.4%
All rigids 23,277 23,568 -1.2%
2-axle artics 1,857 2,634 -29.5%
3-axle artics 10,708 13,255 -19.2%
All artics 12,565 15,889 -20.9%
Rolling Year RY-14 RY-13 % change
Pickups 32,988 28,833 14.4%
4x4s 8,192 6,837 19.8%
Vans <= 2.0t 39,270 41,781 -6.0%
Vans > 2.0 – 2.5t 54,268 37,631 44.2%
Vans > 2.5 – 3.5t 177,519 147,175 20.6%
All Vans to 3.5T 312,237 262,257 19.1%
Rigids > 3.5 – 6.0t 6,720 6,401 5.0%
Rigids > 6.0 – 16t 10,656 9,414 13.2%
Rigids > 16t 15,984 11,553 38.4%
All rigids 33,360 27,368 21.9%
2-axle artics 3,074 3,414 -10.0%
3-axle artics 16,169 16,139 0.2%
All artics 19,243 19,553 -1.6%

 

About SMMT and the UK automotive industry

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 more than £64 billion turnover and £12 billion value added. With more than 160,000 people employed directly in manufacturing and in excess of 770,000 across the wider automotive industry, it accounts for 10% of total UK export of goods and invests £1.9 billion each year in automotive R&D. More than 30 manufacturers build in excess of 70 models of vehicle in the UK supported by around 2,500 component providers and some of the world’s most skilled engineers.

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