HGVs Registrations SMMT News Uncategorised

Demand for March 14-plate registers further commercial vehicle growth

04 April 2014 #HGVs #Registrations #SMMT News #Uncategorised
  • Total commercial vehicle registrations grew 11.4% in March to 54,232; rolling year up 15.6% to 335,840.
  • The combined March and September plate-changes typically account for around a third of the annual van market. Strong 14.6% rise to 50,064 van registrations is in line with expectations.
  • Truck registrations continued the Euro-6 lag, but the monthly shortfall fell to -16.5% from -27% in February and -37% in January. The 12 months to March remained up 23%.

UK van and truck registrations: 2014 and % change on 2013

UK van and truck registrations: 2014 and % change on 2013

“The new 14-plate drove van numbers up, pushing the overall commercial vehicle market 11.4% ahead of 2013 to more than 54,000 units,” said Mike Hawes SMMT Chief Executive. “Registration plate changes always prove popular with van buyers, so March and September numbers are typically more than double the average month, a trend continued this March as volumes rose 14.6% to above 50,000 units. Truck demand remained subdued as the influence of Euro-6 legislation continues to be felt across the sector, but the level of impact has lessened steadily since January and should be minimal by mid-year.”


Van and truck registrations - rolling year trends Jan 2010 to date

Click through to download the full March 2014 commercial vehicle news release and data tables.

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