Growth continues in CV market

The commercial vehicle market continues growth for the ninth consecutive month, up 23.2 per cent to 24,567 units, according to the latest figures from the SMMT.

Truck registrations increased 38.6 per cent to 2,518 units, led by pent-up demand in the market, while the van market continued its trend of impressive growth, up 21.7 per cent to 22,049 units.

“The truck market posted a strong return to form in January. Changes to Euro Standards and Type Approval Regulations in 2014 affected demand last year, and now we are starting to see a return to business as usual,” said Mike Hawes, SMMT chief executive.

“The number of vans registered this month has once again increased, reflecting raised levels of business confidence and demand for a range of efficient, well equipped models. Successes in both markets have seen the total commercial vehicle market grow significantly for a ninth consecutive month.”