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Park Logistics - Creating supply Chain Solutions

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New truck and van registrations rise in May

  • 08 June 2012
  • By Christopher Walton

New truck registrations continued on an upward curve in May, rising 31.5% year-on-year, while vans bucked the recent trend reporting a spike of 6.7%.

Some 4,024 trucks were registered in May, meaning that for the year to date new truck registrations stand at 20,219 – a figure up 28.2% based on the same five month period a year ago.

“The truck market continued its strong progress, up 31.5% in May and there was a welcome return to growth for the van market, its first rise of 2012,” says Paul Everitt, SMMT chief executive.

Van registrations stood at 21,303 in May, but for the year to date registrations are down 11.7% to 97,499.

Everitt adds: “It’s too early to know if the change in fortunes for the van market is a sign of things to come, but coupled with the strong truck performance, it is a welcome signal of increased confidence across the commercial vehicle sector.”

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Article source: http://www.commercialmotor.com:80/latest-news/new-truck-and-van-registrations-rise-in-may