UK CV market continues to outpace Europe

02 April 2015 #SMMT News

Figures released this week by the European Automobile Manufacturers Association (ACEA) show that that the UK commercial vehicle market is continuing to grow at a greater rate than the majority of Europe. While overall registrations in the EU grew 8.0% in the first two months of 2015, many markets were unable to keep pace with British CV demand, which over the same period increased by 21.9%.

The UK’s strong performance was driven by consistently high van trade, which grew by 20.2% in January and February – more than double the 8.6% growth seen in the rest of Europe. The British truck market has also seen a return to form so far in 2015, up 35.3% compared to 4.4% in the EU.

This reflects a wider trend: with confidence returning to UK businesses in 2014, UK commercial vehicle registrations grew 11.0% last year, outpacing Europe by 3.6 percentage points (7.4%).

The UK’s burgeoning CV market highlights the importance of a leading trade show in the country. The CV Show is one of the largest commercial vehicle exhibitions in the UK with manufacturers, bodybuilders and suppliers all coming together under one roof. Held at the NEC Birmingham, the CV Show runs from 14 – 16 Birmingham. To find out more and claim your free tickets, visit the CV Show website [link].

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