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July marked the seventh consecutive month of growth in the truck market with heavy trucks over 3.5t reporting a substantial growth of 39.7% – keeping in line with the 40.5% growth the truck market has seen so far this year. However van sales showed the first signs of decline with registrations down -0.9% in the month.
Despite the slight drop in van sales last month, heavy weight vans in the 2.5 – 3.5t sector -which are often used for home deliveries, saw a healthy growth of 16.2%, whilst sales of lighter commercials of up to 2t and 2 – 2.5t which are predominantly used by small businesses and those who are self-employed, declined by -18.6% and -34.4%. These lighter vans are also used by retail customers who purchase them as a dual-purpose or lifestyle vehicle – therefore suggesting the retail sector is moving into a slower phase.
Demand for trucks continued its upward trend with a continued average growth of 40%. Sales of rigid trucks remained strong – indicating that dealers are coping well with the delays following the new type-approval regulations and IVA inspections.
Sales of articulated tractor units in 2015 have seen a significant growth of 50.7% year-to-date, however whilst figures in July were up 31% in this sector, this still begins to indicate a slowing in demand from its main user – supermarkets.
We anticipate that the truck sector will continue to grow throughout the remainder of 2015, and we hope to see van sales pick up over the summer months.
For a copy of the monthly registration figures please contact email@example.com