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Van Sales in UK Reaches Record High

The Society of Motor Manufacturers and Traders’ latest figures indicate a record high for the registration of new Commercial Vehicles (CV) in the first six months of the 2015. According to SMMT, the total number reached 209,515 .

According to figures, a defining factor in the sale increased of vans was a strong growth in the sales of van. A total of 186,404 vans were registered from January to June, 2015, indicating a 19.8% increase in sales. Truck sales were up at 40.6% with 23,111 units registered in the first six months of 2015.

Strong Demand for CVs

Mike Hawes, SMMT CEO, said that the record mid-year high for commercial vehicle registration can be attributed to marked gains being made in the van market. Since early 2015, van registration has been steadily growing. On April this year, van manufacturers indicated that the spiraling growth of online shopping affected its sales positively. How? Items bought online have to be packed and delivered to owners as the shortest time possible.

CV June Reg

UK van and truck registrations: 2015 and % change on 2014

As a consequence, an increased need for vans to deliver items purchased online. In connection, the SMMT said that close to 100,000 vans were registered in the first quarter of 2015. The SMMT numbers also indicated a significant rise in truck registration in June but the greater numbers pointed to the sales and registration of heavier vehicles in van, rigid and artic segments.

30% Rise in British CV Production

According to the Society of Motor Manufacturers and Traders, close to 50,000 CVs were manufactured from January to June, 2015. The growth was pegged at 29.9%.
The marked growth was brought about the increased demand for CVs in the UK and Europe. The domestic market showed a 31.6% increased while the export market indicated a 28.3% increase. In June, almost 10,000 CVs were manufactured which is 54.5% increase compared to 2014 production.

Table for Van Production

CV Production for 2014 and 2015

SMMT Chief Executive Mike Hawes commented that the figures for the demand for British-built vans, trucks and buses are highly encouraging. The increase in production and registration of CVs points to economic recovery in UK and in Europe.

 

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