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Van strength powers CV market growth in February, finds SMMT

Announced as part of the company's latest monthly market overview report, SMMT also found strong van sales growth, recording a 28.2% rise to 11,731 registrations.

Other findings include the continued Euro-6-induced dip in truck volumes, although the rate of decline was found to have slowed from January's 37% downturn. 12 months to February remained up 22.4%. 

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

 

February

% change

Year-to-date

% change

Rolling year

% change

Vans

11,731

 28.2%

29,853

 18.5%

275,728

 13.8%

Trucks

1,589

-27.3%

3,406

-32.8%

54,555

 22.4%

Total

13,320

 17.5%

33,259

 9.9%

330,283

 15.1%

‘Growing van registrations supported the February vehicle market as middle and heavy-weight vans enjoyed healthy rises, reflecting improving economic activity,’ said Mike Hawes, SMMT chief executive.

‘Registrations of trucks over six tonnes continued to decline as the market adjusts to new Euro-6 legislation. We anticipate this rebalancing act to be a factor for some months yet, while van volumes should remain on an upward trend,’ he added.

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