Tag Archives: Commercial Vehicle Growth UK

Strong start to 2016 for HGV market as new registrations grow by a fifth

Strong start to 2016 for heavy truck market as new registrations grow by a fifth – SMMT

Strong start to 2016 for heavy truck market as new registrations grow by a fifth

  • New HGV market grows 19.2% in Q1 2016 with 10,363 units registered.
  • Demand for rigids over 16T fuels market growth with 48.1% increase.
  • Articulated segment declines -9.3%, driven by fall in demand for 3-axle units.

HGV Overview table

The new HGV (heavy goods vehicle) market in the UK grew by almost a fifth in the first quarter of 2016, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Continued business confidence resulted in more than 10,000 new commercial vehicles over six tonnes being registered in the first three months of the year, a 19.2% increase compared to Q1 2015.

Growth was driven by increased demand for rigids, specifically those over 16 tonnes which saw a 48.1% rise, offsetting a small decline in 3-axle artic registrations. Tractors were the most popular body type for HGVs in the first three months of the year, accounting for 38% of the heavy goods vehicles that hit British roads in Q1.

Mike Hawes, SMMT Chief Executive, said, “This is a positive start to the year for the heavy truck market, with demand having stabilised following the regulatory upheaval seen in 2014. Large rigids saw more moderate growth than at the end of 2015 – a sign that the sector is set for a continued, steady period of growth.”

HGV Quarterly insight Top 5 body types chart

HGV registration by nation table

Source: SMMT

Surge in UK demand drives strong CV production growth in July

cv

  • UK commercial vehicle (CV) manufacturing grows 46.3% in July, with 9,274 units built.
  • Production for the domestic market particularly strong, up 137.6% over July 2014, while exports steady.
  • CV industry has seen strong recovery in 2015 so far, with a 32.4% uplift in output.

Britain’s commercial vehicle manufacturing industry continued its strong recovery in July, with production volumes up 46.3% over the same month last year. A total of 9,274 CVs were built in the month, with output for the UK market posting an especially strong gain of 137.6%.

July’s figures are a continuation of the recovery made by the sector throughout 2015, which has seen production levels grow by a third to 57,967 units. Volumes last year were impacted by some restructuring within the industry, as well as a spike in truck demand in 2013 related to type approval changes. This year’s growth comes off the back of increasing demand both domestically and abroad for UK-built CVs.

“The commercial vehicle manufacturing sector’s impressive performance in July is further welcome evidence of its ongoing return to form,” said Mike Hawes, SMMT Chief Executive. “After a difficult year of regulatory upheaval, we’re now seeing demand for British-built vans, trucks and buses bounce back as fleet renewal patterns return to normal and the online delivery market continues to grow.”

CV 1 Jul 15

CV 2 Jul 15

Source: SMMT