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August 20, 2009updated 12 Apr 2017 4:33pm

UK CV registrations still weak, says SMMT

Truck and van registrations in the UK recorded another 38 percent drop in July compared to one year ago, the Society of Motor Manufacturers and Traders (SMMT) has announced. For the same period, new van registrations declined by 37 percent to 13,830 units, while truck registrations were 43 percent down to 2,530 units. Paul Everitt, SMMT chief executive, commented: July saw both van and truck registrations fall some 40 percent on July 2008 as firms continue to avoid buying new vehicles.

By Antonio Fabrizio

Truck and van registrations in the UK recorded another 38
percent drop in July compared to one year ago, the Society of Motor
Manufacturers and Traders (SMMT) has announced.

For the same period, new van registrations declined by 37
percent to 13,830 units, while truck registrations were 43 percent
down to 2,530 units.

Paul Everitt, SMMT chief executive, commented: “July saw both
van and truck registrations fall some 40 percent on July 2008 as
firms continue to avoid buying new vehicles.”

“But with truck makers and their dealers holding some stocks and
sterling still weak against the pound there has seldom been a
better time to do a good deal.”

Big bus registrations, on the other hand, remained strong with
an increase of 26 percent, but the sector is expected to weaken
soon.
 
Everitt said: “Growth in big bus registrations continues as last
year’s strong orders are delivered, but the outlook is uncertain as
the recession begins to grip the sector.”

He added that the coach sector – which reported a 16 percent
decrease compared to July 2008 – should stabilise in the next few
months, with an annual volume near 700 units.

Antonio Fabrizio

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