So far, 2013 has been a difficult year for the commercial vehicle market, especially as it seems that every time the market improves a short while later it slumps once again. This is true of May this year, as sales of light commercial vehicles dropped by a 4.7 per cent compared to April where the number of vehicles sold actually increased by 43 per cent compared to the same time last year.
Furthermore, new registrations of commercial vehicles varies dramatically depending on their size, as sales of trucks and other heavy vehicles have been steadily decreasing over the recent months, while the demand for vans and pick-up trucks is improving despite last month’s poor sales figures. It is believed that van sales dropped last month due to the two bank holidays, which means that more people were looking to spend their time and disposable income on holidays rather than new vehicles.
There is some good news however: pick-up trucks are becoming more popular in the UK, selling 12,802 units in the first five months of 2013 alone, while in the same amount of time last year only 9,316 were sold. This is a massive increase of 37.4 per cent, which means that commercial vehicle manufacturers are hoping that during the rest of the year they will see even more new registrations for pick-ups trucks throughout the UK.
Discussing the commercial vehicle market, the Commercial Vehicle Manager for the Society of Motor Manufacturers and Traders, Nigel Base, said: “The overall CV market has performed well so far in 2013, but May saw volumes fall 3.8% as van model cycles combined with Euro 6 uncertainty for trucks. For trucks, history tells us that purchases of Euro 5 will mix with new Euro 6 trucks as the year progresses, which could boost the market in the second half of 2013. For vans, the picture was positive up to May, so we anticipate this blip to be overcome as the year pans out.”
Even though the pick-up truck market is improving, many people are still concerned over the state of the heavy commercial vehicle market as it is a vital part of the UK economy. For example, the logistics sector supplies numerous employment opportunities, business for commercial vehicle insurance providers and brings in billions of pounds into the UK each year.