HGVs Registrations SMMT News

Vans carry trucks as May CV market grows 12.5%

05 June 2014 #HGVs #Registrations #SMMT News
  • Total commercial vehicle registrations rose 12.6% in May to 27,198; rolling year up 14.5% to 337,857.
  • Van demand in May 2014 bounced back from a blip in April, posting 18.4% growth to 24,283 registrations, accelerating the year-to-date margin of +13.3%.
  • Truck registrations remained subdued in May with volumes down 20% in the month. The rolling year remained up 21.7% fuelled by late 2013 registrations ahead of new Euro-6 legislation.

 

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

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

 

“The van sector rose 18.4% in May, a solid performance that was pleasing to see after a -0.6% blip in registration levels last month,” said Mike Hawes, SMMT Chief Executive. “Vans continue to perform in-line with SMMT’s expectations for the year, while trucks lag behind 2013 levels as the effect of switching to new Euro-6 compliant models is ongoing. It is likely that 2014 truck volumes will fall behind last year’s total, while new van introductions should sustain this part of the market.”

 

SMMT van and truck registrations – rolling year trends Jan 2010 to date

SMMT  van and truck registrations - rolling year trends Jan 2010 to date

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

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