HGVs Registrations SMMT News

August CV registrations continue the investment drive

04 September 2003 #HGVs #Registrations #SMMT News
  • CV registrations up 18.5 per cent in August to 19,267
  • Registrations over the year-to-date up 13.6 per cent to 227,999
  • Light CVs still drive growth, up 21.9 per cent in August 14.8 per cent YTD
  • Truck volumes up 5.9 per cent and 8.4 per cent for the month and YTD
  • Bus and coach volumes 36.2 per cent up in August, 6.2 per cent at YTD
  • August five per cent of the year under the bi-annual registration system
  • ‘Six straight months growth confirmed the surge in business investment in new commercial vehicles’ said Christopher Macgowan, SMMT chief executive. ‘August is now a low point in the registration calendar, but last month still showed the impact of this year’s sustained demand for new CVs. Nearly all sectors, light and heavy alike, shared in the strong business demand. The firm growth trend in new CVs is very encouraging during a time of otherwise lacklustre investment. As business confidence is now recovering, demand should hold firm, possibly pushing the annual total to 350,000, a level not seen since the end of the 1980s.’


Filter News

Update Newsletter