HGVs Registrations SMMT News

November CV market up and heading for another good year

06 December 2001 #HGVs #Registrations #SMMT News

November CV market up and heading for another good year

  • November commercial vehicle registrations up 3.7 per cent.
  • Year to date figures up by 4.0 per cent to 292,250 units and growth looks

    set to better the SMMT’s July 2001 forecast of 303,800 units for the year.
  • The SMMT now expects a total CV market of 307,000 this year. The total for

    2000 was 298,043.

‘This is very good news,’ said SMMT chief executive Christopher Macgowan. Sustained

growth in CV registrations during 2001 has been a welcome surprise for the industry.

Clearly there are some economic and market uncertainties unfolding, but demand,

especially for heavy vans and light trucks has been strong and should continue.

We’re confident this year’s market will top 307,000, easily beating last year’s


The main growth has been at the heavier end of the light commercial vehicle

sector, mostly for large vans, but more heavy truck registrations over the past

few months helped boost the market so that total CV registrations in 2001 beat

the 2000 level.

November – more strong growth in heavy van registrations

  • LCV registrations rose 2.8 per cent in November, an extra 612 vehicles

    against last November’s total.
  • Heavy vans again made most of the running in the LCV sector, with an extra

    1,672 vans compared to the same month’s total last year.
  • LCV demand over the year to date was up 4.7 per cent.

Light van registration growth slower through November

Registrations of car-derived vans up to 1.8 tonnes slowed through November

in contrast to the growing registrations for heavier vans from 2.6 to 3.5 tonnes

and for commercial 4×4 utilities growth Total LCV registrations rose by 2.8

per cent in November. Heavier vans continued to drive recent developments and

changes in this part of the UK commercial vehicle market. Registrations for

the month at 12,640 were up by 15.2 per cent on the same month last year. These

heavier vans in the 2.6 to 3.5 tonnes category took 56 per cent of all light

commercial vehicle registrations compared to 50 per cent last November.

Two axle artics surge while rigids slow slightly

Bus and coach registrations rise

Total truck registrations up strongly

Total truck registrations grew 6.9 per cent in November. Registrations for

the first eleven months of the year remain 2.6 per cent above last year’s figures,

showing that underlying demand has remained reasonably sound.

November’s registrations gave no sign that sales were ‘pulled forward’ to beat

the deadline to register remaining Euro 2 trucks before the end of September.

New trucks registered since 1 October must meet tougher Euro 3 emission standards.

As a group, rigid registrations fell 2.3 per cent in November compared to

the same month last year. For the first 11 months, however, growth is still

strong at 5.1 per cent. Light two axle rigid pack registrations were very brisk.

Registrations of the lighter two axle rigids in the 3.5 to 7.4 tonne category

are up 55.5 per cent for the month. And reflecting a sustained trend for the

year as a whole, registrations were up by 32.6 per cent for the first eleven

months of the year.

Artic registration growth was up 26.3 per cent for the month. This was entirely

due to surge in registrations of two-axle artics, up by 99.1 per cent compared

to November last year. This pushed the year to date increase in two-axle artic

registrations up to 12.9 per cent.

Bus and coach registrations also increase, albeit from a very low base

Bus and coach registrations, at 328, increased by 32.3 per cent year on year

in November. This is the third monthly increase this year. Because of the very

long delivery times, these registrations probably reflect orders taken in the

spring. The registration growth is a welcome contrast to what has been a generally

strong downward trend for the past 18 months. The annual total is likely to

end the year above 3,700 units.


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