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Modest growth for commercial vehicle market in July

06 August 2015 #CV Sector #News #Top Stories #Truck #Van

Latest figures from the Society of Motor Manufacturers and Traders (SMMT) show CV registrations rose by 3.7% in July, with strong truck demand outweighing a small drop in the van market. Overall year-to-date registrations are up 19.3% over last year.

“The commercial vehicle market’s record performance in the first half of the year has been followed by a more sedate July, underpinned by a slight fall in van registrations,” said Mike Hawes, SMMT Chief Executive.

Hawes noted that July’s van figures for last year were distorted by the launch of several new van models. “Demand is still at a very high level, with year-to-date van registrations up 17% as confident businesses continue to invest in their fleets and capitalise on the ongoing trend for home deliveries.

“Registrations of trucks, meanwhile, saw another robust month in line with the sector’s performance in the year so far. Once again, the principal gains were made by the heavier vehicles in each market segment.”

SMMT CV registration data for July 2015

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