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CV market returned to pre-recession levels in 2014, reports SMMT

That's according to latest figures from the Society of Motor Manufacturers & Traders (SMMT), which also show that the van market led this growth, up 18.7% to 321,686 registrations for the year.

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

  December

% change

Year-to-date % change Rolling year % change
Vans 26,529 26.6% 321,686 18.7% 321,686 18.7%
Trucks 2,898 -74.5% 41,469 -26.2% 41,469 26.2%
Totals 29,427 -8.9% 363,155 11.0% 363,155 11.0%

‘A continued demand for vans has seen the commercial vehicle market in 2014 return to pre-recession levels, reflecting the growing confidence of many businesses in the UK,’ commented Mike Hawes, SMMT chief executive.

‘The truck market has been distorted by the introduction of Euro-6 emissions regulations at the start of the year and new type approval legislation at year end, which affected fleet renewal patterns and caused in a drop in registrations. The outlook for 2015 is bright, however, with stability expected to return to the market.’

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