Van Volumes Deliver But Demand For Euro-6 Trucks Still Subdued
– Total commercial vehicle registrations increase by 25.8% in July, up 13.1% for the year-to-date and 18.4% over the rolling year.
– Van market maintains a period of strong growth, up 34.5% in July and 18.9% over the year-to-date to more than 180,000 units.
– Truck registrations fell by 16.3% in July, down 21.9% over the year-to-date following a surge towards the end of 2013 due to the introduction of Euro-6. The rolling year total remains up 16.4%, following increased activity last year.
“The commercial vehicle market has delivered another strong month overall, driven by an impressive number of van registrations. This reflects growing business confidence in the economy and the variety of highly capable and efficient vans on the market,” said Mike Hawes, SMMT Chief Executive. “The truck sector is continuing a downward trend brought about by an influx of orders at the end of 2013 due to incoming Euro-6 standards. There is increasing positivity in the market, however, which should see registrations return to normal levels over the coming months.”