HGVs Registrations SMMT News

Investment pushes April CV registrations up 11.4 per cent

07 May 2003 #HGVs #Registrations #SMMT News

  • 28,368 registrations, the second highest total on record after 1989
  • Strong 11.4 per cent growth rate this April sustains recent robust growth
  • Since 1999 April typically accounted for 7.5 to 8.5 per cent of yearly total
  • CV registrations at 119,343 for four months to April, up 13.1 per cent
  • Light CVs up 11.8 per cent at April, 13.9 per cent for the first four months
  • Trucks up 9.4 per cent at April, 9.3 per cent for the first four months
  • Buses & coaches 14.4 and 12.1 per cent up for month & first four months

  • ‘This continuing investment in new vans and trucks is a very positive sign of confidence in general domestic demand.’ said SMMT chief executive Christopher Macgowan. ‘Sustained investment in commercial vehicles and growth in road transport is a clear sign of a healthy economy. Businesses see the sound commercial sense behind continued investment in new trucks and vans. This is a welcome sign of real and practical confidence in the domestic economy and a strong contrast to business investment gloom in some other areas.’

    April saw an 11.4 per cent growth in registrations on the same month in 2002. This robust result follows a 25 per cent surge in March and confirms the trend over six months. For the six months to April 2003, UK CV registrations were 10.4 per cent up on the same period in last year and 13.5 per cent up for the three months to April.


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