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Modest growth for commercial vehicle market in July, finds SMMT

According to the SMMT, there was a positive year-to-date performance for the market overall, with 2015 registrations up 19.3%. Operators’ continued drive for maximum efficiency reflected in the surging demand for heavier vans and trucks

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

  July % change Year-to-date % change Rolling year % change
Vans 24,546 -0.9% 210,950 17.0% 352,340 17.5%
Trucks 4,434 39.7% 27,545 40.5% 49,404 -2.6%
Total 28,980 3.7% 238,495 19.3% 401,744 14.6%

“The commercial vehicle market’s record performance in the first half of the year has been followed by a more sedate July, underpinned by a slight fall in van registrations,” said Mike Hawes, SMMT chief executive. “This is not surprising given a particularly big uplift in the same month last year on the back of the launch of several new key models. Demand is still at a very high level, with year-to-date van registrations up 17% as confident businesses continue to invest in their fleets and capitalise on the ongoing trend for home deliveries.

Registrations of trucks, meanwhile, saw another robust month in line with the sector’s performance in the year so far. Once again, the principal gains were made by the heavier vehicles in each market segment.

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