CommercialFleet

Van market down 11% in October

Vans

The new van market reported it was down for the second consecutive month in October, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).

Some 3,121 fewer models were registered in the month, an 11% decline, as uncertainty and regulatory changes continued to affect the market.

In October, registrations of larger vans weighing 2.5-3.5 tonnes declined by 19.2%. Small vans weighing less than 2 tonnes and medium vans weighing 2-2.5 tonnes, however, posted rises of 2% and 31% respectively.

The 4x4 segment also rose, up 65%, while pickup demand fell 12%. Despite the negative performance, year-to-date van registrations remain up 3.1%, with 311,989 new vehicles joining UK roads so far in 2019.

Mike Hawes, SMMT chief executive, said: “A second consecutive month of decline for new van registrations gives cause for concern, as uncertainty continues to have a negative impact on the purchasing of big ticket items.

“We need to reverse this trend, getting more of the latest models onto our roads to help improve air quality especially in urban areas.

“Crucial to this will be restoring economic and political stability to the UK, giving businesses the confidence to invest in their fleets.”

 



Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Comment as guest


Login / Register

Comments

No comments have been made yet.

Related content

What's the tax liability on my van?

Calculate the BIK tax on any van on sale today with our van tax calculator

Track down the cheapest forecourts

Find the cheapest forecourts in your area with our van fuel price locator

How green is your van?

Check out the CO2 emissions for new vans with our CO2 calculator?