Saturday 1st Oct 2016 - Logistics Manager

Strong growth for CV market

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The commercial vehicle market showed strong growth in September with truck registrations up almost 30 per cent on last year, while van registrations were up 10.3 per cent, according to figures from the Society of Motor Manufacturers and Traders.

As a result, for the year to date the market for trucks over six tonnes is three per cent up on last year.

“Commercial vehicle registrations rose 12.4 per cent in September, with greater confidence and impending Euro 6 legislation producing a strong recovery in truck volumes,” said Mike Hawes, SMMT chief executive.

“Encouragingly, van registration levels have stabilised, up around 10 per cent in the month and year-to-date, after a variable year that reacted to model changes and changeable market conditions. Year-to-date truck demand is back to 2012 levels after a slow start to the year and we expect the last quarter to be very strong for the sector.”