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European Van Registrations Stabilizing, Trucks Still Falling

Data from the Society of Motor Manufacturers and Traders (SMMT) shows 17,227 European van and truck registrations in November and 225,324 for the rolling year, down 36.1%. About 15,164 vans were registered in the same month, and the year-to-date total was down 36.1% to 188,730. November saw 2,063 trucks more than 7,716 lbs. registered, with a rolling year total down 36% to 36,594. Within that, heavy truck registrations in November were down 59.7% to 1,593,

“Although vans are down 36% on the rolling year, the 0.8% decline in November suggests registrations have stabilized. Heavy trucks, down 60% in November, are still suffering badly as a result of weak business confidence,” said SMMT Chief Executive Paul Everitt. “It is vital that government uses the Pre-Budget Report to sustain the early signs of recovery in consumer confidence and enhance the capital allowances system to boost business investment.”

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