SMMT report soaring growth in van market
Fantastic news for the van/CV market reported from the Society of Motor Manufacturers and Traders this week. New figures released by the SMMT showed that vans drove a 17.5% increase in commercial vehicle registrations in February. Light commercial vehicle numbers climbed by 28.2% ahead of the new number plate in March, with 11,731 units.
The figures recorded a soaring number for vans between 2.0 and 2.5t, which recorded the biggest rise in registrations and were up 111.1% in February at 2,664, and 40.4% year-to-date at 5,122. Registrations of vans between 2.5 and 3.5t also increased by 23.8% in February and 25.8% year-to-date at 16,729 units so far in 2014.
“Growing van registrations supported the February vehicle market as middle and heavy-weight vans enjoyed healthy rises, reflecting improving economic activity,” said Mike Hawes SMMT Chief Executive.
Truck volumes are still struggling from a Euro-6-induced dip that continued into February but, on the bright side, the rate of decline slowed from January's 37% decline. The table below from SMMT’s latest press release however does show that numbers for the 12 months to February held strong, remaining up by 22.4%.
UK van and truck registrations: 2014 and % change on 2013
For more information on the van registration report and additional graphical details, please visit the SMMT website here
The figures recorded a soaring number for vans between 2.0 and 2.5t, which recorded the biggest rise in registrations and were up 111.1% in February at 2,664, and 40.4% year-to-date at 5,122. Registrations of vans between 2.5 and 3.5t also increased by 23.8% in February and 25.8% year-to-date at 16,729 units so far in 2014.
“Growing van registrations supported the February vehicle market as middle and heavy-weight vans enjoyed healthy rises, reflecting improving economic activity,” said Mike Hawes SMMT Chief Executive.
Truck volumes are still struggling from a Euro-6-induced dip that continued into February but, on the bright side, the rate of decline slowed from January's 37% decline. The table below from SMMT’s latest press release however does show that numbers for the 12 months to February held strong, remaining up by 22.4%.
UK van and truck registrations: 2014 and % change on 2013
| February | % change | Year-to-date | % change | Rolling year | % change | |
| Vans | 11,731 | 28.2% | 29,853 | 18.5% | 275,728 | 13.8% |
| Trucks | 1,589 | -27.3% | 3,406 | -32.8% | 54,555 | 22.4% |
| Total | 13,320 | 17.5% | 33,259 | 9.9% | 330,283 | 15.1% |
For more information on the van registration report and additional graphical details, please visit the SMMT website here
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