CV registrations continue strong upward trend

Inset: Mike Hawes

The Society of Motor Manufacturers and Traders (SMMT) has reported that commercial vehicle registrations rose by 17.4% during May to 31,922 units.

The figures confirm the fifth consecutive monthly uplift for the truck market, while the year-to-date total registrations for vans reached a record 150,662 units.  According to SMMT, the largest gains were at the heavier ends of both market segments as the operator efficiency drive continues.

New truck sales reached 3,962 units during May, a 35.9% increase on the corresponding month last year.  Van registrations for the month were recoded as 27,960, a 15.1% increase on May 2014.

“It is an indication of just how strongly the commercial vehicle sector has performed in recent months that May’s 17.4% rise in registrations is actually the lowest so far in 2015,” said Mike Hawes, SMMT Chief Executive.

“Van market growth in particular remains robust, with year-to-date registrations up by more than a fifth passing the 150,000 mark in May for the first time on record.

“Truck demand is also up by a staggering 35.9% as fleet operators continue to push for maximum space and efficiency.

“The biggest gains in the month were again made in the heavier ends of the van and rigid truck markets, with a 35.6% fall in two-axle artics balanced by a 35.6% rise in those with three axles.”