HGVs Registrations SMMT News

Vans drive record March CV registrations

04 April 2003 #HGVs #Registrations #SMMT News

  • 48,834, the highest March total on record – up 24.3 per cent
  • March is now a key month, typically 12 to 14 per cent of annual registrations
  • Very strong 24.3 per cent growth rate contrasts with falls in 2001 and 2002
  • CV registrations at 90,975 for three months to March, up 13.7 per cent
  • Light CVs up 25.4 per cent for the month, 14.5 per cent for the first quarter
  • Trucks up 16.8 per cent for the month, 9.3 per cent for the quarter
  • Buses & coaches up 30 per cent for the month, 11.3 per cent for the quarter

  • ‘This record level of capital investment is splendid news. It helps balance gloom in some other areas and is significant as van and truck registrations are a good barometer of the nation’s economy,’ said SMMT chief executive Christopher Macgowan. ‘Road transport is the lifeblood of the economy and transport companies invest in trucks or vans for good commercial reasons. This surge is a clear indicator of business confidence’.


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