This year's healthy start to truck registrations maintained in February

This year’s healthy start to new truck registrations continued in February, with the monthly total (trucks of 6 tonne GVW or more) up by 38.0% on February last year.

Data from the Society of Motor Manufacturers and Traders (SMMT) shows truck registrations for the first two months of 2015 stand at 3,739, almost 41% ahead of last year’s total at this point.

This means they are continuing to track up towards their long-term average level after a sluggish year in 2014. “While it might be too early to claim a full recovery, it appears to be on the right track,” said SMMT chief executive Mike Hawes.

Nearly all the growth is coming from the heavy end of the market, with tractor unit numbers up by 74% in the first two months.

Tellingly, 3-axle units are up by 88.9% whereas the 2-axle total has risen by just 3.7%. Registrations of rigid truck chassis over 16 tonne GVW have grown by 33.0% but numbers of lighter trucks between 6.0 and 16 tonne GVW are virtually static, just 0.6% ahead of last year.  

So far this year, the top three marques – Daf, Mercedes-Benz and Scania – are all out-performing the market and pulling away from the chasing pack.

A strong February saw Daf increase its share of the market so far this year to 26.3%, ahead of Mercedes with 18.9% and Scania with 17.1%. Then comes Volvo in fourth place with its share broadly steady at 12.4%. The next three marques are all neck and neck. Iveco’s share is 7.1%, narrowly ahead of Renault Trucks and MAN who each have 6.6%.