The number of commercial vehicles that were sold last month increased considerably, new figures suggest.
August saw a strong and sustained bounce-back across the van and truck industry suggesting a confidence boost among van, truck and haulage drivers.
Reports by the Society of Motor Manufacturers and Traders (SMMT) showed that the total number of newly registered vans totalled 10,640 in August marking a 22.8% year-on-year rise in commercial vehicle sales in August 2011.
A total of 2,411 HGV’s were sold during the month up 23% year-on-year while LCV’s newly registered for the rolling year was more than 250,000.
Paul Everitt, chief executive of the SMMT, said:
“With the commercial vehicle market up by over 20% for the year to date, the industry is optimistic, but short to medium term economic uncertainty is likely to temper the rate of future growth