The Society of Motor Manufacturers and Traders (SMMT) has today announced a steady October for the UK commercial vehicle market, with a slight 2.9% decline in registrations. The newly-released figures indicate a return to ‘business as usual’ following a period of exceptional demand in October 2014, driven by then-imminent regulatory changes. Statistics for the year-to-date point towards a 16.7% increase when compared with 2014, with a further 355,301 vehicles registered.
Britain’s van market continues to flourish, with demand rising 6.2% when compared with the same month last year. In total, 312,369 new vans have been registered so far this year – a 16.3% increase on October 2014’s figures, which SMMT attribute to growing business confidence and the rising popularity of online shopping.
Truck registrations remain robust, up by nearly a fifth in the year-to-date, with 42,932 new vehicles registered in the first ten months. An extraordinary spike in heavy duty demand last October – ahead of the introduction of the Euro-VI emissions standard – has caused this month’s figures to appear considerably lower in comparison however, falling 31.5%.
Mike Hawes, Chief Executive, SMMT, said: “The van and truck market remains strong, with remarkable growth across all commercial vehicle types so far this year. The rise in demand for vans demonstrates an ongoing trend as more consumers choose the convenience of home delivery.
“Meanwhile, following an exceptionally strong October in 2014, it’s no surprise to see a decline in last month’s truck market. To put this into context, at 5,791 registrations, this October’s performance is more than double the average monthly total of 2,720 delivered by the market since 2001.”
The post SMMT figures highlight strong CV market appeared first on UK Construction Online.
Walang komento:
Mag-post ng isang Komento