Truck registrations still hard hit
The latest figures from the SMMT show that there were 13,099 registrations last month for the market as a whole, down 11.4% on the total for January 2008 and 34.5% for the rolling year.
Of this figure, a total of 11,456 registrations were for vans, a drop of just 1.7%. This brings the rolling year figure to 186,187, down 33.2%.
For trucks, there was a total of 1,553 registrations in January; this comes to 33,263 for the rolling year, down 40.6%.
'New van and truck registrations continue to reflect a weak economic recovery and businesses reluctant to commit to new investment,' said Paul Everitt, SMMT chief executive. 'These are the lowest January truck registrations since 1992, leaving most truck makers very disappointed at the slow start to the year. It is extremely important that government uses the upcoming Budget to encourage new investment in capital goods and help re-build business confidence.'For more of the latest industry news, click here.