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• Commercial vehicle market grows 25.3% in March to 67,965 units, due to positive van and truck performance.
• Van registrations led by 2.5 – 3.5t vans, up 23.8% to 34,007 in March.
• Third consecutive month of increased truck demand sees 41.0% growth so far this year.

UK van and truck registrations: 2015 and % change on 2014

“Demand for commercial vehicles remains buoyant in 2015, with both vans and trucks achieving a strong first quarter performance yet again,” said Mike Hawes, SMMTChief Executive. “This continued upturn, and the third month of consecutive growth, can be attributed to higher levels of consumer and business confidence.”

“In the van and truck markets, there has been a clear shift towards the larger vehicles in the sector in the first three months of the year. Both 2.5 – 3.5t vans and 3-axle artic trucks have seen a sharp increase in registrations as operators seek to make their fleets as flexible and cost-effective as possible.”

March CV registrations – LCVs <2t vs 2-3.5t

Click through to download the full March 2015 commercial vehicle registrations news release and data tables.