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IN MARKET CONFIDENCE RETURNS
Page 7
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uro-4 blues are over
TRUCK REGISTRATIONS have recovered from the uncertainty caused by the introduction of Euro-4 engines and digital tachographs 18 months ago, boosting confidence in the truck-manufacturing market.
The latest figures from the Society of Motor Manufacturers and Traders (SMMT) show that registrations of all trucks increased by 58.2% in February, compared with a similar period last year. The biggest increase was in registrations of two-axle artic 3, which rose to 188 — up 121.2% on February 2007. However, rigids and threeaxle truck registrations also increased markedly.
Oaf Trucks heads the league table for February with 905 vehicles sold, and marketing director Tony Pain says that although the percentages look high, they represent an rise of 5-10% over the long term. Were seeing a recovery to normal levels," he adds, "Last year, in January and February, registrations were very low. It was at about the bottom of where the market went to in the last three or four years."