Commercial vehicle registrations strong in September07 October 2015

Commercial vehicle registrations continued their healthy rise in September, according to latest figures released yesterday (6 October 2015) by the SMMT (Society of Motor Manufacturers and Traders.

Overall, truck and van registrations were up 20.1%, compared to the same period last year, to 65,453 units. Trucks led the way in September, with a gain of 24.8%, while vans posted a healthy 19.6% rise.

To date 321,302 commercial vehicles have been registered this year – an increase of 19.2% for the first nine months of last year.

SMMT chief executive Mike Hawes beli=eves September registrations were buoyed by the appearance of the new 65-plate.

“Particularly encouraging is the consistent growth seen this year in the traditionally more volatile truck sector, while the van market – boosted by robust business confidence and the ongoing trend towards online deliveries – shows no sign of slowing,” he says.

Diving down into the detail, in the tractor market, three-axle units unsurprisingly drove the growth at 42.4% September 2015 to September 2014, while two-axle artics declined by -27.1%. Year to date figures show six wheel tractors up 54.8% compared to 2914.

Meanwhile, the fastest growing rigid category is the in the 3.5—6 tonnes range, posting 67.9% for September, with rigids over 16 tonnes coming in at 21.1% – backing the theory that online deliveries are fuelling the market, but also demonstrating a healthy return in the heavy sector.

As for vans, those in the 2.5—3.5 tonne band fared bes, witnessing 24.3% growth in September, compared to the same month in 2014.

Moving over to the bus and coach industry, SMMT’s latest figures reveal that converted buses led registrations in September – up 103.4% year-on-year and helping to drive an overall increase in registrations for the sector to 43.9%, compared to 2014, and a total of 1,134 buses and coaches.

Purpose-built coaches saw a 25.8% boost in registrations and overall, the bus and coach market continued its growth trend with year-to-date registrations reaching 6,930 – an increase of 1,306 on last year.

“September marked the fifth consecutive month of growth for the new bus and coach market,” comments Hawes.

“While the purpose-built coach market benefited from the September plate change, converted bus figures also experienced a substantial boost in the heavier 3.5—8.5 tonne segment, more than doubling 2014’s figure,” he observes.

Author
Brian Tinham

Related Companies
Society of Motor Manufacturers and Traders Ltd

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