HGVs Registrations SMMT News

September van and truck market up 8.8% as sector confidence stays high

06 October 2011 #HGVs #Registrations #SMMT News
  • Van and truck registrations up 8.8% to 43,442 units in September, rolling year up 20.9% to 293,703.
  • Truck registrations up 3.6% to 4,798 in the month, rolling year up 30.7% to 39,658.
  • Van registrations up 9.4% to 38,644 units in September, rolling year up 19.5% to 254,045.

UK van and truck registrations: 2011 and % change on 2010

September % change Year-to-date % change Rolling year % change
Vans 38,644 9.4% 199,684 18.5% 254,045 19.5%
Trucks 4,798 3.6% 29,620 21.3% 39,658 30.7%
Total 43,442 8.8% 229,304 18.8% 293,703 20.9%

“Confidence returned to the commercial vehicle market in 2011 and the September market continues the upward trend, growing 8.8% on last year,” said Paul Everitt, SMMT Chief Executive. “The future state of the economy is certainly a concern, but it’s clear that owners and operators are currently investing in new, fuel-efficient vehicles to help weather the storm of high fuel prices.”

Commercial vehicle market overview

  • The van market recorded 9.4% growth in September, building on the strong performance seen throughout the year. The > 2.0t portion of the market performed particularly well, as the changing requirements of the market continued to play out and LEZ considerations push operators of older vehicles to upgrade.
  • The ‘squeezed middle’ 3.5 – 6.0t Rigid market continued to decline in September as operators combine heavy trucks and large vans to handle operations traditionally carried out by this market sector.
  • On the back of 101.4% rolling year growth, the September Artic market was up strongly by 29%. The ongoing recovery brings this part of the market within touching distance of pre-recession levels, a sign of greater confidence and industry’s recognition of the cost savings on offer from new, efficient vehicles.
  • Looking to the future, the economic outlook is uncertain and further growth relies on government’s ability to sustain an investment-led recovery through targeted incentives and encouragement of private spending on R&D, skills, plant and machinery.

Click through to download the full SMMT new van and truck news release and data tables for September 2011.

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