UK's commercial vehicle growth rate highest since 1989

According to a report released by The Society of Motor Manufacturers & Traders Limited, commercial vehicle registration in the United Kingdom climbed to a record high in December 2003. Commercial vehicle registrations were up 14.4%, the highest level ever in December. Light commercial vehicles registrations were up 14.4% in December and 14% year-to-date, marking 2003 as the best growth year since 1989.There is good news on the whole for commercial vehicles year-to-date as well, with registrations up 12.9%. Bus and coach registrations rose 12.2% above the December 2002 figures, while van registrations rose 33.4%. The Society of Motor Manufacturers & Traders Limited reports truck registrations rose 14.7% in December, continuing a monthly growth pattern.