Nigel Base of the Society of Motor Manufacturers and Traders writes...
2015 registrations show strength of CV sector
2016 has started at a fast pace that I suspect is likely to continue. Final registration figures for 2015, released today, confirm a record year for vans and robust growth for trucks. This is good news for the industry as the New Year begins in earnest, but it's fair to say the bar is now set high.
It’s interesting to note the shift towards heavier vehicles in all three main categories; vans, rigid trucks and artics. This trend has been apparent for nearly 20 years, but over the past 12 months there has been a step change. Vehicle users seem to be getting the biggest bang for their buck: the need to increase productivity, driver shortages and access to finance are all contributing to the shift.
Here at SMMT we are not expecting any major legislative or policy changes that will impact on the sector in 2016 but, as mentioned in my last 2015 piece, it’s looking very likely the EU referendum will be held at some point this year, and perhaps as early as June. Our members have told us that 'in' is better than 'out' for business, and we'll be working hard to make sure that message continues to be heard loud and clear.
If you would like to know more about the SMMT or are interested in membership then please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
Nigel Base, SMMT Commercial Vehicle Manager
