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CV market up 25.3% in March

Latest SMMT data shows that van registrations were led by 2.5-3.5t vans, which were up 23.8% to 34,007 in March.

Meanwhile, the third consecutive month of increased truck demand sees 41.0% growth so far this year.

“Demand for commercial vehicles remains buoyant in 2015, with both vans and trucks achieving a strong first quarter performance yet again,” said Mike Hawes, SMMT chief executive. “This continued upturn, and the third month of consecutive growth, can be attributed to higher levels of consumer and business confidence.”

“In the van and truck markets, there has been a clear shift towards the larger vehicles in the sector in the first three months of the year. Both 2.5-3.5t vans and 3-axle artic trucks have seen a sharp increase in registrations as operators seek to make their fleets as flexible and cost-effective as possible.”

UK van and truck registrations: 2015 and % change on 2014:
 

  March % change Year-to-date % change Rolling year % change
Vans 61,894 23.6% 97,775 22.3% 339,544 20.4%
Trucks 6,071 45.7% 10,681 41.0% 44,576 -17.0%
Total 67,965 25.3% 108,456 24.0% 384,120 14.4%

 

 

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.

Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news.

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