Truck Sales on Target

Commercial vehicle registrations are “on track,” according to SMMT statistics that have recorded 394,738 registrations for the rolling year to September. Last month’s figures were slightly down at 0.6 per cent, but the year to date is up by 1.6 per cent.

All sectors of the commercial vehicle market, including, light CVs, trucks and coaches and buses are up compared to 2004.

“Commercial vehicle registrations are remarkably strong this year, with autumn figures reflecting this spring’s confidence and sales,” said Christopher Macgowan, SMMT chief executive. “Some sectors are doing better than others, but overall registrations should beat 2004’s annual total and despite recent mixed messages from the market, we think overall registrations will look good well into 2006, unaffected by today’s interest rate decision.”