October new truck registrations up 31% year-on-year
October was another strong month for truck registrations, with data from the Society of Motor Manufacturers and Traders (SMMT) showing registrations of new trucks of 6 tonnes GVW and more were 31% up on the same month a year ago. This means the truck market is now 6.1% ahead for the year to date and on target to meet the forecasts of 8%-10% growth for the year as a whole, despite the sluggish first half.
The total of 4,599 registrations of new trucks of 6 tonnes GVW or more was the second highest monthly total this year. Growth was strongest at the heavy end of the market: tractor units were up 37.1% on October 2012, while rigid chassis above 16 tonnes GVW were up by 34.3%. In contrast, numbers of rigids from 6 tonnes and 16 tonnes GVW grew just 13.1%.
2013 is turning out to be an excellent year for the two Swedish marques, Scania and Volvo, with registrations for the year so far up by 27.1% and 20.5% respectively. Both are benefiting from the strength of the tractor unit and heavy rigid sectors. In contrast, market-leader Daf is feeling the effect of the weaker market for rigid chassis below 16 tonnes GVW and its registrations for the year to date have slipped by 2.1%, taking its market share down from 30.3% to 28.0%. The only other marques trailing last year’s total at this point are Renault Trucks (down 16.8%), MAN (down 2.9%) and Hino (down 12.5%).
Mercedes-Benz is having a solid year, with truck registrations up by 11.5% and market share up a tad to 16.9%
After slumping by 7.9% last year the van market is also back on track, with October’s registrations for all vans up to 3.5 tonnes GVW up by 26.3%. This has prompted the SMMT to raise its forecast for the 2013 van market to 264,100, just over 10% more than last year. Ford remains the comfortable market leader, with a 25.4% share, ahead of Volkswagen (13.8%) and Vauxhall (10.7%).