According to figures from the Society of Motor Manufacturers and Traders overall sales in 2012 of commercial vehicle registrations fell and the worst hit was Volvo. Across the truck and vans sector sales were down 5.9% during and the reason for this is directly linked to the poor sales of light commercial vehicles. This is not great news for commercial vehicle insurance providers.
Compared with 2011 the sales of commercial vehicles that were above 3.5 tonnes had risen by 6.4% and vans, those vehicles below 3.5 tonnes we down by 7.9%. With the greatest amount of sales in 2012 was truck registrations amongst rigid vehicles as there was an increase of 28.8% for vehicles that were between 3.5 and 6 tonnes. There has also been an increase in sales for vehicles that are above 16 tonnes y 11.4%.
Daf had the best sales with vehicle sales above 6 tonnes with an increase of 13.1%. Next up were Scania who also saw an increase although unfortunately Volvo and Renault recorded a loss but they were the only ones to do so. Overall however, it as Isuzu that had the largest increase in sales with a huge 21.3%.
The chief executive at the Society of Motor Manufacturers and Traders, Paul Everitt, said “While 2012 has been a challenging year for the UK commercial market with heavy trucks the only sector performing positively during the year. The commercial vehicle market ended 5.9% down on 2011 as business confidence wavered. Vans have struggled all year with just under 240,000 registered while truck volumes tailed off towards the end of the year.”