CV Demand Reaches All Time High

Commercial vehicle demand reached an all time high in 2015, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).

A steep curve in growth since 2012 has seen the CV market overtake pre-recession levels with a total of 423,894 vehicles registered in 2015.

Growth was fuelled by the van sector, where demand, buoyed by the ongoing online shopping boom and attractive finance deals, hit record levels – up 15.6% to 371,830 registrations in 2015. Trucks also showed robust growth in a return to form for the sector, with registrations up 25.5% to 52,064 units, following a slower year in 2014 after regulatory upheaval resulted in a distortion of fleet renewal patterns.

To read this rest of this content you need to Login or Register for an account.