Demand for larger vehicles drives commercial vehicle growth in UK

The UK commercial vehicle market grew 25.3% in March to 67,965 units, due to positive van and truck performance, according to the Society of Motor Manufacturers and Traders (SMMT).

Van registrations led by 2.5 – 3.5t vans, up 23.8% to 34,007 in March. The third consecutive month of increased truck demand saw 41.0% growth so far this year.

‘Demand for commercial vehicles remains buoyant in 2015, with both vans and trucks achieving a strong first quarter performance yet again,’ said Mike Hawes, SMMT chief executive. ‘This continued upturn, and the third month of consecutive growth, can be attributed to higher levels of consumer and business confidence.’

‘I the van and truck markets, there has been a clear shift towards the larger vehicles in the sector in the first three months of the year. Both 2.5 – 3.5t vans and 3-axle artic trucks have seen a sharp increase in registrations as operators seek to make their fleets as flexible and cost-effective as possible.’