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Half-year truck registrations second lowest on record

  • 07 July 2014
  • By David Wilcox

New truck registrations in Britain in the first half of this year were the second lowest on record.

Data published by the Society of Motor Manufacturers and Traders (SMMT) reveals that just 12,788 new trucks of 6 tonnes GVW or more were registered in the first six months of the year.

This is 28.8% lower than last year’s first-half total and the second lowest on record, eclipsed only by 2010’s figure of 11,373. That year went on to become the weakest-ever truck market (27,588) but with this year’s total widely expected to be between 36,000 and 38,000 a strong upturn is likely to be just around the corner.

Hardest-hit sector so far this year is the light rigid chassis (6-16 tonnes GVW) where numbers are down by 35.6%. Heavier rigids (over 16 tonnes GVW) are down by 29.7%. The tractor unit total has slipped by 24.1%.

After a slow start to the year Daf has worked its way back to the top of the table, but with a much reduced market share of 20.9%, down from 27.8% at the half-way point last year. Second-placed Mercedes-Benz has seen its market share edge up from 15.4% to 16.6%. Scania, in third place, is holding steady with a share of 13.8%, just ahead of Volvo, whose share has grown from 9.9% to 12.4% in the last 12 months.

Iveco, Renault Trucks, Isuzu Truck and Fuso have all gained market share in the first half of the year. MAN has lost ground, its share slipping from 11.1% to 9.5%, but it had a strong June, one of only two manufacturers in the ‘big seven’ (with Volvo) to register more trucks than in the same month last year.

Unaffected by the distortion of Euro-6’s arrival, the market for vans up to 3.5 tonnes GVW remains strong, with first-half registrations up by 16.8%. 

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Article source: http://www.commercialmotor.com:80/latest-news/half-year-truck-registrations-second-lowest-on-record