Vans drive strong CV registrations in February – SMMT 06 March 2014
Commercial vehicle registrations grew by 17.5% in February to 13,320 units, driven by another strong performance from the van sector, which clocked an increase of more than 28% month on month.
Figures released today (6 March 2014) by the Society of Motor Manufacturers and Traders (SMMT) reveal van registrations surged by 11,731 units last month, while the dip in truck volumes due to Euro 6 continued, albeit at a reduced rate (-27% versus -37% in January).
"Growing van registrations supported the February vehicle market, as middle and heavy-weight vans enjoyed healthy rises, reflecting improving economic activity," comments Mike Hawes, SMMT chief executive.
"Registrations of trucks over six tonnes continued to decline as the market adjusts to new Euro 6 legislation," he notes.
"We anticipate this rebalancing act to be a factor for some months yet, while van volumes should remain on an upward trend."
The biggest leap in the van sector came from the 2—2.5 tonne group, which more than doubled month on month. Smaller rigid trucks – from 3.5 to 6 tonnes – also put in a good performance, increasing by 25%.
Society of Motor Manufacturers and Traders Ltd
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