SMMT NEW VAN REGISTRATIONS

Posted 08 May, 2019 at 11:09

Author Mark Bradshaw on behalf of (IFM) Independent Forecourt Magazine


7 May 2019 (data for vans <3.5T and LCVs to 6T for April 2019)

UK new van market grows 4.7% in April as strong start to year continues

  • UK new van market up 4.7% in April with 24,604 units registered for British roads.
  • Growth driven by demand for small and large vans, up 8.8% and 6.9% respectively.
  • Strong start to the year continues as market incentives and new models boost performance.

Tuesday 7 May, 2019 Demand for new light commercial vehicles (LCVs) grew in April, up 4.7%, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 24,604 vans and pick-ups were registered in the month, with new models and compelling market incentives continuing the strong growth seen in Q1.

Sales of small (below 2 tonnes) and large (2.5-3.5 tonnes) vans drove the market in April, up 8.8% and 6.9% respectively, while demand for medium sized (2.0-2.5 tonnes) vans was flat. Appetite for both pickups and 4x4s was also broadly stable, down by -1.4% and -4.4% respectively.

Mike Hawes, SMMT Chief Executive, said, “Such a strong start to the year is good news for the sector, drivers and the environment. Getting more of the latest, low emission models onto our roads is the fastest way to tackle climate change and improve air quality, and with modern vehicles also featuring sophisticated safety and comfort features, and a raft of attractive deals on offer, there’s never been a better time to invest in a new van.”

The news follows publication of a new report by SMMT last week, showing that one in 10 British workers relies on a van for their jobs. It found that the number of vans on British roads has risen 59% since 2000, driven by the boom in online shopping and rapid rise in self-employment.

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