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UK CV market at all-time high due to record van demand

SMMT found that growth was fuelled by the van sector, where demand, buoyed by the ongoing online shopping boom and attractive finance deals, hit record levels – up 15.6% to 371,830 registrations in 2015.

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

December

% change

Year-to-date

% change

Rolling year

% change

Vans

30,410

 14.6%

371,830

 371,830

15.6%

 

Trucks

4,880

 68.4%

52,064

52,064

25.5%

 

Total

35,290

 19.9%

423,894

 423,894

16.7%

 

“This is excellent news for the commercial vehicle industry, and indeed the economy, with registrations of both vans and trucks posting strong gains, up 16.7% in total on 2014,” commented Mike Hawes, SMMT chief executive. “CV demand is a key barometer of UK economic confidence and the market’s strong growth in 2015 was particularly encouraging. However, with these record figures in mind, we will expect to see the market levelling off slightly in 2016.”

UK van and truck registrations

Month

Dec-15

Dec-14

% change

Pickups

2,523

2,766

-8.8%

4x4s

796

844

-5.7%

Vans <= 2.0t

3,358

3,009

 11.6%

Vans > 2.0 – 2.5t

3,295

3,668

-10.2%

Vans > 2.5 – 3.5t

20,438

16,242

 25.8%

All Vans to 3.5T

30,410

26,529

14.6%

Rigids > 3.5 – 6.0t

610

756

-19.3%

Rigids > 6.0 – 16t

708

335

 111.3%

Rigids > 16t

1,237

485

 155.1%

All rigids

2,555

1,576

 62.1%

2-axle artics

395

216

 82.9%

3-axle artics

1,930

1,106

 74.5%

All artics

2,325

1,322

 75.9%

Year-to-date

YTD-15

YTD-14

% change

Pickups

40,588

33,823

 20.0%

4x4s

10,719

8,763

 22.3%

Vans <= 2.0t

43,018

39,535

 8.8%

Vans > 2.0 – 2.5t

55,163

56,257

-1.9%

Vans > 2.5 – 3.5t

222,342

183,308

 21.3%

All Vans to 3.5T

371,830

321,686

 15.6%

Rigids > 3.5 – 6.0t

8,001

6,797

 17.7%

Rigids > 6.0 – 16t

8,279

7,576

 9.3%

Rigids > 16t

14,650

11,515

 27.2%

All rigids

30,930

25,888

 19.5%

2-axle artics

2,366

2,257

 4.8%

3-axle artics

18,768

13,324

 40.9%

All artics

21,134

15,581

 35.6%
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