The Car and Truck Fleet and Leasing Management Magazine

Trucks Help UK Commercial Vehicle Market Grow

February 10, 2015

Chart: SMMT
Chart: SMMT

The UK commercial vehicle market continues its growth for ninth consecutive month — up 23.2 percent to 24,567 units according to the Society of Motor Manufacturers and Traders (SMMT), a trade group that exists to support and promote the interests of the UK automotive industry at home and abroad.

Truck registrations have increased 38.6 percent to 2,518 units, led by pent-up demand in the market. Likewise, the van market continues trend of growth, up 21.7 percent to 22,049 units, according to the SMMT.

Chart: SMMT
Chart: SMMT

“The truck market posted a strong return to form in January. Changes to Euro Standards and Type Approval Regulations in 2014 affected demand last year, and now we are starting to see a return to business as usual,” said Mike Hawes, SMMT chief executive. “The number of vans registered this month has once again increased, reflecting raised levels of business confidence and demand for a range of efficient, well equipped models. Successes in both markets have seen the total commercial vehicle market grow significantly for a ninth consecutive month.”

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