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February 8, 2010updated 12 Apr 2017 4:27pm

Slow start for Britain’s CV registrations

CV registrations were 11.4 percent down in January 2010 compared with a year ago, according to the Society of Motor Manufacturers and Traders (SMMT). A total of 11,546 vans were registered in January, a 1.7 percent drop compared with January 2009. The SMMT said that the outlook is worse for truck registrations, which sank by 48.8 percent in January 2010, with a total of 1,553 new trucks being registered.

By Sophie Helyer

CV registrations were 11.4 percent down in January 2010 compared with a year ago, according to the Society of Motor Manufacturers and Traders (SMMT).

A total of 11,546 vans were registered in January, a 1.7 percent drop compared with January 2009.

The SMMT said that the outlook is worse for truck registrations, which sank by 48.8 percent in January 2010, with a total of 1,553 new trucks being registered.

January’s truck registrations are the lowest monthly figures since July 1991, the SMMT said.

SMMT’s chief executive Paul Everitt commented: “New van and truck registrations continue to reflect a weak economic recovery and businesses reluctant to commit to new investment.

“It is extremely important that government uses the upcoming Budget to encourage new investment in capital goods and help re-build business confidence.”

Sophie Helyer

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