ERJ staff report (BC)
London – Latest statistics from the Society of Motor Manufacturers and Traders (SMMT) show that total UK commercial vehicle (CV) registrations were up 7.6 percent at the year’s halfway point, with June volumes rising 4.5 percent.
January-June van registrations were 11.2 percent ahead of 2012, boosted by a 3.4 percent rise in the month.
While truck demand was 10.4 percent behind 2012 for the first six months of the year, an 11.7 percent rise in June could be the first signs of 2013 demand rebalancing in the second half of the year.
Nigel Base, SMMT commercial vehicle manager, said: “Strong van registrations outweighed the uncertain truck market. Looking ahead to the rest of 2013, we expect the van market to remain stable with a return to a more normal replacement cycle sustaining the market. For trucks, growth in June could be the first sign of a Q3/Q4 recovery as buyers pick from late Euro 5-compliant or new Euro 6 models ahead of new Euro-standard legislation hitting from 2014.”
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Full statistics from SMMT