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NOVEMBER COMMERCIAL VEHICLE REGISTRATION FIGURESBack

CVRegIt is positive to see that commercial vehicle registrations were up 13.9% in November following last month’s -2.9 decline.  Sales of vans under 3.5tonnes continued to perform well in most sectors due to an increased demand for online deliveries – due to the Christmas period approaching. The 2.5t to 3.5t commercial sector now dominates the van market – equating to 59% of all vans sold.

Operators and buyers are creating a divide in the van market. Volume and weight is more important to one set of customers, and convenience and manoeuvrability to the other. Hence sales of car-derived vans were up 8.6%, and there was a reduced demand of -1.4% YTD for 2.0t – 2.4t mid-sized vans.

Truck sales looked buoyant in November with growth of 55.8% following last month’s decline of -31.5% – blamed on delays from the DVSA in getting type approvals via IVAs. Trucks registered in November will automatically need testing to obtain IVA/type-approval.

The most significant truck growth came from the +16t rigid multi axle sector which was up 331%. These trucks are used in the construction and cleaning industry which continues to show confidence and growth in the economy. Tractor units which count for 40% of this year’s market showed a stable growth of 6.6% in November.

Dealers feel that the overall market is stabilising and feel confident that 2016 will bring similar growth in the truck market and limited growth in van registrations as demand for internet deliveries continues to grow.

To receive a copy of the monthly registration figures please email louisewoods@rmif.co.uk

 

Posted by Leana Kell on 04/12/2015