Thursday 8th Dec 2016 - Logistics Manager

CV market up 19pc this year

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The commercial vehicle market for the first nine months was up 19 per cent on last year, according to figures from the Society of Motor Manufacturers and Traders.

Trucks showed the strongest growth with registrations up 35.6 per cent on last year while vans were up 19.2 per cent. And artics provide to be the strongest sector – up 45 per cent on last year.

Mike Hawes, chief executive of the SMMT, said: “The continued recovery of the commercial vehicle market is good to see. Particularly encouraging is the consistent growth seen this year in the traditionally more volatile truck sector, while the van market – buoyed by robust business confidence and the on-going trend towards online deliveries – shows no sign of slowing.”

DAF Trucks maintained market leadership for trucks over six tonnes with a 26 per cent share, followed by Mercedes with 17.5 per cent. Scania showed the biggest year on year increase, up 67 per cent, to take third spot.

DAF, Scania and Volvo increased their market shares. All the others were down in terms of share despite increasing their registrations.