MARKET TRENDS – Its all going up…..

Home / News / MARKET TRENDS – Its all going up…..

As you would have most likely already heard or read all sectors increased sales in May. Retail car sales, Fleet sales, Van sales, Truck sales and Buses & Coaches in fact only new motorcycle registrations reduced with a 3.5% drop in May (not helped by the weather no doubt ?).

Overall car registrations increased by 7.9% the largest rise for nearly 2 years (back to scrappage days), in the last 3 months fleet sales have reduced but this has now turned into a 4.8% increase. This means the current YTD increase is 6% (9,000 units) above the SMMT forecasts and the current run rate puts year end at 1.96 million units which is nicely ahead of last year.

The truck market continues its increase up 31.5% in May (24.5% YTD) joined by the van market at 6.7% up after dropping for the last 5 months, the May increase alone turns a YTD decrease of 11.7% for vans into an YTD increase of 0.4%. The focus of growth in the van market seems to be in the up to 2t category and trucks in the 2-axle rigid 3.5 – 6t area.

Recruitment wise we had a very good May with June shaping up to be possibly a record breaker as people recruit both front line operational people to deal with the increased levels of business and managers to help plan and implement future growth. Out of Motor Industry cross sector general recruitment also seems to be very strong with the general sectors all showing increases and polls indicating that many more employers in the UK are recruiting than in Q1.

We don't think we are out of the woods yet but all the signs are good.