CommercialFleet

New van market remains steady with 0.2% fall in registrations in July

Row of parked vans

The new van market achieved a steady performance in July – down just -0.2% – with nearly 25,000 new LCV registrations last month, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).

Heavier vans saw a small decline in demand, with registrations for the 2.5-3.5-tonne segment down 2.2% last month.

However these larger vehicles accounted for 63% of all the vans registered so far this year.

Figures for smaller LCVs painted a mixed picture, with registrations of new vans below 2.0 tonnes up 1.6%, while vans between 2.0-2.5 tonnes fell -2.8%.

Year-to-date figures show heavy vans continue to dominate the market, with registrations up 10.8% as operators seek to maximise the productivity of their fleet.

Mike Hawes, chief executive of the SMMT, said: “After a record performance in the first half of the year, it was inevitable that growth would start to level off over the summer.

"Maintaining business confidence for LCV operators will be critical to this sector’s future performance.”

 

 

Registrations of vans plus LCVs 3.5-6-tonne


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