SMMT figures highlight gains in November after October blip

SMMT van and truck registrations 2015 shows that CV have made gains in November after the October blip.

Registrations of commercial vehicles have rose by 13.9% in November to 33,303 unites, with a 9.6% increase for vans as long-term growth trends continue. The truck market has seen a 55.8% uplift, following Type Approval-related fall in November 2014.

The commercial vehicle market returned to strong growth in November following a dip in the previous month, according to figures released today by The Society of Motor Manufacturers and Traders (SMMT). A total of 33,303 CVs were registered in a month, an increase of 3.9%.

Van registrations rose by 9.3%, continuing the trend of businesses growing in confidence and online deliveries surging in popularity.

Truck registrations went up by 55.8%, which was expected following the changes to Type Approval legislation.

Mike Hawes, SMMT Chief Executive, said, “The commercial vehicle market continues to demonstrate phenomenal progress, with sustained growth over a number of years as ever-more confident businesses invest in their fleets.

“The sharp upturn in truck registrations comes as no surprise, given the heavy fall seen in the same month last year – but the long-term trend of robust growth is encouraging.”

The Society of Motor Manufacturers and Trade is one of the largest and most influential trade associations in the UK. It supports the interests of the UK automotive industry at home and abroad, promoting a united position to government, stakeholders and the media.

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