September van and truck market up 88 as sector confidence stays high

Van and truck registrations up 8.8% to 43,442 units in September, rolling year up 20.9% to 293,703.Truck registrations up 3.6% to 4,798 in the month, rolling year up 30.7% to 39,658.Van registrations up 9.4% to 38,644 units in September, rolling year up 19.5% to 254,045.UK van and truck registrations: 2011 and % change on 2010 Vans38,6449.4%199,68418.5%254,04519.5% “Confidence returned to the commercial vehicle market in 2011 and the September market continues the upward trend, growing 8.8% on last year,” said Paul Everitt, SMMT Chief Executive. “The future state of the economy is certainly a concern, but it’s clear that owners and operators are currently investing in new, fuel-efficient vehicles to help weather the storm of high fuel prices.”Commercial vehicle market overviewThe van market recorded 9.4% growth in September, building on the strong performance seen throughout the year. The > 2.0t portion of the market performed particularly well, as the changing requirements of the market continued to play out and LEZ considerations push operators of older vehicles to upgrade.The ‘squeezed middle’ 3.5 – 6.0t Rigid market continued to decline in September as operators combine heavy trucks and large vans to handle operations traditionally carried out by this market sector.On the back of 101.4% rolling year growth, the September Artic market was up strongly by 29%. The ongoing recovery brings this part of the market within touching distance of pre-recession levels, a sign of greater confidence and industry’s recognition of the cost savings on offer from new, efficient vehicles.Looking to the future, the economic outlook is uncertain and further growth relies on government’s ability to sustain an investment-led recovery through targeted incentives and encouragement of private spending on R&D, skills, plant and machinery.Click through to download the full SMMT new van and truck news release and data tables for September 2011.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) Trucks4,7983.6%29,62021.3%39,65830.7% September% changeYear-to-date% changeRolling year% change Total43,4428.8%229,30418.8%293,70320.9%

Leave a Reply

Your email address will not be published. Required fields are marked *