HGVs Registrations SMMT News

January CV market down slightly but still healthy

06 February 2001 #HGVs #Registrations #SMMT News

January CV market down slightly but still healthy

  • January commercial vehicle (CV) registrations down 0.5 per cent
  • Main growth in light CV sector – up 2.5 per cent ·
  • Artics down 30.5 per cent
  • Buses and coaches down 32.7 per cent

Figures from the Society of Motor Manufacturers and Traders (SMMT) today show

overall commercial vehicle registrations for January 2001 virtually the same

as January 2000. Two sectors – artics and buses and coaches – have dropped sharply,

but the deficit has been nearly matched by growth in the light CV sector.

Overall market

Total registrations were 21,245 or 116 down on last January. There was strong

year on year growth of 27 per cent in the car-type pick-up sector and of 17

per cent in heavy vans from 2.6 to 3.5 tonnes. The latter sector continues to

show strong growth, largely on the back of a continued market for home delivery

fleets. This growth largely compensated for the sharp drops in registration

volume in some other sectors.

‘Overall the market is looking healthy with good demand now and predicted for

the rest of the year,’ said Christopher Macgowan, chief executive of SMMT. ‘But

the sharp drop in heavy truck registrations reflects buying decisions made last

autumn, when fuel protests and confusion over truck taxes and Reduced Pollution

Certificates was at it height. The situation is clearing now, but orders placed

now will generally not be delivered till the spring.’

The SMMT also believes that the coming election may be used as a reason for

delaying CV investment decisions, but overall the sales outlook is good with

the government’s own figures suggesting that road freight will grow by nearly

30 percent in the next few years.

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