“Record quarter” CV registrations as UK business confidence soars

London – UK-based Society of Motor Manufacturers & Traders (SMMT) has reported a “record quarter” for the UK’s commercial vehicle sector as the major Commercial Vehicle Show takes place in the country.

The latest SMMT figures reveal a record high for van and truck registrations with 108,456 vans and trucks registered between January and March 2015.

Describing it as “the best quarter on record”, SMMT stated that the figures deliver a “huge boost to the sector… which suffered badly during the recession.”

“The recent surge in registrations reflects an upturn in UK economic confidence. With GDP growing, consumers are spending more on goods and services, and businesses are increasingly ready and able to invest in vehicles to deliver them,” added the report.