HGVs Registrations SMMT News

Record CV registrations again

06 September 2004 #HGVs #Registrations #SMMT News

  • Rolling year to August total was 377,345, a record level.

  • August’s 18,199 registrations down 5.5 per cent on last August.

  • August sees 6.0 per cent growth in year to date registrations.

  • Small volume drop across most market sectors in August.

  • August bus and coach registrations down 17 per cent

Christopher Macgowan, SMMT chief executive, said: ‘August’s figures confirm record breaking demand for new commercial vehicles. August saw a pause in the recent long-running growth trend, but its impact was small.’ He added: ‘We shouldn’t read too much about future trends from August’s results as the registration plate change in September means many operators wait for the new plate and its effect on residual values. This is illustrated by the fact that September CV registrations are now about 2_ times those of August.’

Year-to-date CV registration figures confirm record business demand for freight transport, with the heavy van sector still driving the record figures. This follows a big change in van and truck use patterns and the CV fleet over the past four years.


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