The van market led the growth, showing an 18.7% increase to 321,686 registrations for the year. However, truck registrations fell 26.2% throughout the year due to changing legislation.

“A continued demand for vans has seen the commercial vehicle market in 2014 return to pre-recession levels, reflecting the growing confidence of many businesses in the UK.” said Mike Hawes, SMMT chief executive. “The truck market has been distorted by the introduction of Euro-6 emissions regulations at the start of the year and new type approval legislation at year end, which affected fleet renewal patterns and caused a drop in registrations. The outlook for 2015 is bright, however, with stability expected to return to the market.”