The UK sees Growth in the Commercial Vehicle Market

The UK is the only major commercial vehicle market in Europe to experience overall growth in March and over the first quarter of the year.

An overall drop of 9.8% in demand across the EU has been reported by the European Automobile Manufacturers’ Association (ACEA), while the UK grew by 7.7%. The picture is repeated on a year-to-date basis with the EU down 11% and the UK up 6.6%. This is great news for distributors over the country as the demand for product is rising.

With a staggering 20.3% drop in March, the Italian market has been hit hardest with a 25% slump year-to-date. France comes in second in comparison to the UK, but still down 10.2% in March and 10.7% year-to-date.

Ironically it is the smaller, light Commercial vehicles up to 3.5t that have driven the growth in the UK. Registrations increased 11.5% in March and 11.7% so far this year, a long way away from the first quarter decrease of 9.9% recorded across the EU as a whole. Up until now, 332,473 light commercial vehicles have been registered in the UK in the first quarter.

In March, 18.3% was the recorded drop of new registrations of heavy trucks over 16ft in the EU, with 17,949 units recorded. Results were negative across all significant markets, ranging from a 6.2% fall in the UK to 27.0% drop in Spain. All major markets faced a large decrease across the first three months, from 12.5% in the UK to 20.5% in Spain, leading to an overall 16.7% decrease.

The steepest decline in registrations is for trucks between 3.5t and 16t. In the UK the market dropped 13.4% in March and by 16.3% year-to-date. France manages to outperform the UK slightly here, showing a smaller 15.7% drop in registrations, but most major markets are worse with 62,154 recorded in total, 16.8% less than the first three months of 2012.

Bus and coach registrations in France out did the UK showing a 6.6% increase against an overall March downturn of 17.6% and UK fall of 23.8%. Only Spain performed worse with a 29.7% drop. Over the first quarter France was also the only major market to post growth in this segment at 11.9% Overall the EU was down 7.4% in this sector and the UK by 19.4%.
 

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Notes For Editors

www.thewp-group.co.uk

The WP Group, headquartered near Southampton in Hampshire, is a leading independent distributor of fuels and lubricants, with a £160m annual turnover and employing 70 people.

Based at Wessex House, Cadland Road, Hardley, Hythe, WP offers a complete portfolio of products and bespoke service solutions across each of its eight trading divisions ­ Industrial, Aviation, Agricultural, Heating, Automotive, Commercial, Motorsport and Marine.

WP, located by Fawley Oil Refinery, has a 50-year heritage and is the supplier and support specialist of choice to thousands of businesses.

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England
Telephone: 023 8089 7841
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Email: WP Commercial

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