European Van Registrations Stabilizing, Trucks Still Falling
Dec 10, 2009 3:02 PM
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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