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Depressed start for CV registrations in 2009

05 February 2009 #HGVs #Registrations #SMMT News

Depressed start for registrations in 2009

Registrations: down 44.7% in January and 14.3% to 334,909 for the rolling year.

Trucks: down 31.9% in January, up 7.1% to 55,988 for the rolling year.

Vans: down 47.3% for the month and down 17.6% to 278,921 for the rolling year.

“January’s figures show the close link between the economic outlook and new van and truck registrations,” said Paul Everitt, SMMT chief executive. “They show how tough the first half of the year will get as spending slows. Vans are down nearly 50% for the month and 18% for the rolling year and now trucks are falling fast after holding up until the final quarter of 2008. With stock to clear and judgements needed on when and where the fall in demand will stop, the UK commercial vehicle business is in for a very tough year even if government policy aid and lending guarantees arrive. This year will test the resilience of the sector in the UK and across the EC; it will come through but the challenge is huge.”


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