After 2011’s robust recovery in truck demand, and a notably strong final quarter, there was no let-up in January.
Growth was robust again; the positive trend in very firm demand continued. Registrations of all trucks over 3.5t were 3,586, up by 45.4%; trucks over 6t saw 3,191 registrations, up 49.4%. The Society of Motor Manufacturers and Traders (SMMT) is cautious but hopes these levels of demand can hold into 2012.
“The commercial vehicle market got off to a mixed start in January with very strong truck registrations outweighed by a fall in the van market,” said Paul Everitt, SMMT Chief Executive. “Over the course of 2012 SMMT expects the CV market to be steady, ending the year marginally up on 2011. Government support for business will be key to maintaining market stability. If confidence can be maintained through the year, we should see growth in 2013.”
January’s van registrations opened 2012 on a cautious note. At 14,338 it was below SMMT’s recently revised forecast of 17,000 for the month, down 16.4% on January 2011 (which was up near 50% on January 2010).