HGVs Registrations SMMT News

January 2004 commercial vehicle registrations almost on par with January 2003

05 February 2004 #HGVs #Registrations #SMMT News
  • Rolling year total 363,363 registrations still close to late 1980s benchmarks.
  • January 2003’s total of 25,410 was the strongest since 1990.
  • Total CV registrations down by just 1.3 per cent in January.
  • LCVs fall 0.7 per cent in January, but up 8.4 per cent for last three months.
  • Trucks fall 1.1 per cent for the month, up 3.0 per cent for last three months.
  • Buses and coaches up 6.9 per cent over the six months to January.
  • ‘The rolling year, from January 2003 to January 2004, commercial vehicle registration total is well above the long-term average, so this year starts on a strong note,’ said Christopher Macgowan, SMMT chief executive. ‘We think this trend will continue as the pace of economic activity rises. At the same time, interest rate rises will test consumer’s confidence and commitment to spending. Against this, the UK road haulage business is one of the most efficient and fiercely competitive in the world, which means firms can’t afford to let equipment get out of date.’


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