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Sharp upturn in truck registrations during October

06 November 2014 #News #Sales #Top Stories #Truck #Van

Figures released by SMMT show commercial vehicle demand grew 27.0% in October to 35,027 units, driving the market up 14.1% to surpass 300,000 units.

Truck registrations saw a sharp upturn of 65.7% to 8,457 units, marking the first month of growth for the market in 2014. However, year-to-date levels remain down 9.2%.

The van market also put in a strong performance, up 18.2% in October to 26,570 units, and up 18.1% for the year-to-date.

“October marks the first month of 2014 in which truck registrations have seen positive growth, given the paucity of demand following the introduction of Euro-6,” said Mike Hawes, SMMT Chief Executive.

“While encouraging, we should treat such a sharp percentage increase with caution, owing to a relatively small total market and new type approval regulations coming into force at the end of the month,” he concluded.

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