HGVs Registrations SMMT News

CV registrations growth continues in April

07 May 2004 #HGVs #Registrations #SMMT News

  • April 2004 saw year on year growth of three per cent to 29,207 units
  • The rolling year total, at 372,100 registrations, is running at a record level
  • LCVs rose 4.9 per cent in April, and 8.4 per cent for year to date
  • Truck registrations were up 1.4 per cent over the year to date but dipped 5.2 per cent in April
  • Bus and coach figures fell 11.4 per cent from January to April 2004

‘Sustained growth is a theme that has underlined the new CV market over the past 18 months. Annual volumes have been rising and are on course to top historic record levels set in 1989’, said Christopher Macgowan, SMMT chief executive.

‘April’s strong registration figures point to further growth, although momentum has eased slightly. Nevertheless, we see room for improvement over the course of the year as the economic backdrop remains healthy. Rises in interest rates may temper further progress, but if the cautious, incremental approach continues the market’s current health need not be undone.’

‘Once again, April was an especially successful month for van registrations. The market for these lighter commercial vehicles has become a beacon by which the CV market growth has become known.’

For full press release, please click on the link below


Filter News

Update Newsletter