CV market makes gains in November after October blip

The commercial vehicle market returned to strong growth in November following a dip in the previous month, according to the Society of Motor Manufacturers and Traders (SMMT).

Figures show that 33,303 CVs were registered in the month, an increase of 13.9%. Van registrations posted a 9.6% rise in the month, continuing the general trend seen over the past few years with businesses having grown in confidence and online deliveries surging in popularity.

Truck registrations meanwhile, saw a huge 55.8% jump, although this was to be expected given the large fall in November, 2014, which followed changes to Type Approval legislation.

Mike Hawes, SMMT chief executive, said: “The commercial vehicle market continues to demonstrate phenomenal progress, with sustained growth over a number of years as ever-more confident businesses invest in their fleets.

“The sharp upturn in truck registrations comes as no surprise, given the heavy fall seen in the same month last year – but the long-term trend of robust growth is encouraging.”