COMMERCIAL VEHICLE MARKETS CONTINUES TO STRENGTHEN

Published 06/08/2014 00:00:00 in Press Releases

“Sales of commercial vehicles continued to increase in July with registrations up 25.8%”, said Sue Robinson, Director of the National Franchised Dealers Association which represents commercial vehicle and franchised car retailers across the UK, commenting on the SMMT’s van and truck registration figures.

Total commercial vehicle figures released today show registrations were up 13.1% for the year-to-date and 18.4% over the rolling year.

The majority of the growth came from van sales in the 2.0 - 2.5 tonne sector where over 2300 more vans were registered compared to July last year. This was fuelled by the continually improving economy and the switching to internet sales and deliveries. There are also now more self employed people working in service industries that require a van or dual purpose vehicle.

Heavier vans - 2.5-3.5 tonne saw an additional 3300 vehicles registered, marking a 32% growth.

Robinson continued, “Although the truck sector continued its downward trend with a decline of -16.3%, there are indications of improvement since the surge of Euro 5 chassis which were registered last December prior to the Euro6 introduction. Heavy rigid chassis over 16 tonnes were up 7.4%; these vehicles are often used in construction.

“The -16.3% change is less than the year to date decline, thus indicating that many of the pre-registration Euro 5 trucks have now been sold and the HGV market should begin to stabilise soon.”

 

 

ENDS

NOTES TO EDITORS:

Rupal Rawal, Communications Officer
Tel: 020 7307 3412
Mob: 07528 977 157
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk  Email: rupal.rawal@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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