Truck market takes off in October

October 2014 saw a growth of 32% for the truck market and the van market was up by 26.3%, according to figures from the Society of Motor Manufacturers and Traders.

The bumper month for the industry means that for the first ten months of 2013, truck registrations are 3.2 per cent ahead of last year.

Scania and Volvo have been the big winners in the market for trucks over six tonnes, with increases of more than 20 per cent on last year. Mercedes also outperformed the market to consolidate its second place.

Market leader DAF saw its share of the market decline by a couple of percentage points – but it still has a 28 per cent share.

“Both the van and truck markets showed great strength in October boosting the sector by 27.3 per cent and taking the 2013 growth rate to almost 10 per cent,” said Nigel Base, SMMT commercial vehicle manager. “We anticipated this late strength in the truck market and SMMT has raised its forecast for van registrations to 264,100 a 10.2 per cent rise on last year.”