- Commercial vehicle market grows 11.0% to 363,155 units in 2014, the highest level since 2007.
- Van market leads growth, up 18.7% to 321,686 registrations for the year.
- Truck registrations fell 26.2% throughout the year due to changing legislation.
“A continued demand for vans has seen the commercial vehicle market in 2014 return to pre-recession levels, reflecting the growing confidence of many businesses in the UK.” said Mike Hawes, SMMT Chief Executive. “The truck market has been distorted by the introduction of Euro-6 emissions regulations at the start of the year and new type approval legislation at year end, which affected fleet renewal patterns and caused a drop in registrations. The outlook for 2015 is bright, however, with stability expected to return to the market.”
Click through to download the full December 2014 commercial vehicle news release and data tables.
