“It is positive to see that demand for heavy trucks showed a strong and stable growth in the first quarter of 2016”,
said Sue Robinson, Director of the National Franchised Dealers Association which represents commercial vehicle and franchised car retailers across the UK, commenting on the SMMT’s truck registration figures.
The new HGV (Heavy Goods Vehicles) market continues to perform well. 10,363 new commercial vehicles over six tonnes were put on UK roads in the first three months of this year, 19.2% more than compared to the same period in 2015.
Robinson continued, “Registrations of tractor units saw a minor decline, however, tractors still represent the biggest segment of the market accounting for around 38% of all HGVs registered in the UK in Q1. This slight decline was offset by the huge increment of rigid trucks over 16 tonnes, up 48.1% supported by the increasing demand and strong growth in the construction sector.
“Box bodied trucks, which are often used for logistics activities and distribution of goods, as well as tipper bodied trucks also performed well.
“In addition to the overall increase of 19.2% in the UK in Q1, it is extremely encouraging to see that HGV registrations experienced a massive growth of 40% in Scotland, albeit this is a smaller market in terms of volume.
“The NFDA is pleased to see that truck dealers feel confident that the HGV market will stay strong throughout the remainder of 2016, in line with last year’s result.”
And the news regarding passenger car registrations is equally positive, Professional Recovery can report.
Sue Robinson added: “We are pleased to see that passenger car registrations in the EU continued to perform well in April marking 32 consecutive months of growth.”
In April 2016, passenger car registrations in the EU grew again by 9.1% compared to April 2015, reaching 1,273,733 units.
This was the best April in terms of volume since 2008.
Amongst the largest European markets Spain returned to form after last month decline with registrations up 21.2%, followed by Italy which saw a double-digit growth too (+11.5%). Germany (+8.4%), France (+7.1%) and the UK (+2.0%) also performed well.
Robinson continued, “It is encouraging to see that, in spite of following a record breaking March, the car market in April performed very well both in the UK and in the EU.
“In the first four months of the year registrations rose 8.5% in Europe, totalling more than 5 million units (5,094,026), while the UK market grew by 4.4% year-to-date.
“This positive trend continues to reflect the gradual recovery of the European economy and we are confident that registrations in the UK will remain strong in line with other major European markets.”