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January CV market points to strong business confidence, says SMMT

Van registrations also rose 12.9% on the back of the robust business confidence, accelerating the 12 months to January by 13.2%.

As predicted, however, truck registrations stalled following the hand-over to Euro-6 legislation.

Commenting on the figures, Mike Hawkes, SMMT chief executive, said: ‘The overall commercial vehicle market grew 4.4% in January as more robust business confidence boosted van registrations.

‘As expected, the pre-Euro-6 rush at the end of last year dented truck volumes in January – a market factor we expect to continue for some months. Looking ahead, SMMT is confident that van registrations will continue to grow at a sustainable rate, while truck demand should level out over the full year.’

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

 

January

% change

Year-to-date

% change

Rolling year

% change

Vans

18,122

 12.9%

18,122

 12.9%

273,146

13.2% 

Trucks

1,817

-37.0%

1,817

-37.0%

55,153

22.6% 

Total

19,939

 5.3%

19,939

5.3% 

328,299

 14.6%
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