Bus and Coach CV Sector News Top Stories Truck Van

Renewed trucks demand boosts CV market growth

05 February 2015 #Bus and Coach #CV Sector #News #Top Stories #Truck #Van

The commercial vehicle market registered its ninth consecutive month of sizeable growth in January, led by pent-up demand in the truck sector.

Having been stymied by new regulations in the same month in 2014, truck registrations bounced back with a year-on-year upturn of some 38.6%, to 2,518 units.

The van market, meanwhile, continued its trend of impressive growth, up 21.7 per cent to 22,049 units.

Overall, registrations in the commercial vehicle market increased by 23.2% to 24,567 units.

“The truck market posted a strong return to form in January,” said SMMT Chief Executive Mike Hawes. “Changes to Euro Standards and Type Approval Regulations in 2014 affected demand last year, and now we are starting to see a return to business as usual.

“The number of vans registered in January has once again increased, reflecting raised levels of business confidence and demand for a range of efficient, well equipped models. Success in both markets have seen the total commercial vehicle market grow significantly for a ninth consecutive month.”

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