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Van market continues strong performance and truck registrations soar, finds SMMT

Truck registrations saw a sharp upturn of 65.7% to 8,457 units, marking the first month of growth for the market in 2014. Year-to-date levels remain down 9.2%, however.

SMMT found that the van market continued a strong performance, up 18.2% in October to 26,570 units, and up 18.1% for the year-to-date.

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

 

October

% change

Year-to-date

% change

Rolling year

% change

Vans

26,570

 18.2%

268,641

 18.1%

312,237

 19.1%

Trucks

8,457

 65.7%

35,842

-9.2%

52,603

12.1% 

Total

35,027

27.0% 

304,483

14.1% 

364,840

18.0% 

'October marks the first month of 2014 in which truck registrations have seen positive growth, given the paucity of demand following the introduction of Euro 6,' commented Mike Hawes, SMMT chief executive

'While encouraging, we should treat such a sharp percentage increase with caution, owing to a relatively small total market and new type approval regulations coming into force at the end of the month. Van registrations also performed well, yielding solid growth for the total commercial vehicle market.'

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