July Sees New Van Market Decline by 5.9%

The UK new light commercial vehicle (LCV) has seen a -5.9% reduction in July, with 23,309 vans and pick-ups registered. This is according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).

New Van Market Declines by 5.9%

Van FiguresWhile pick-ups have managed to enjoy a particularly strong month, with a 13.9% uplift in registrations, demand for small, medium and large vans fell by -2.8%, -28.0% and -3.8% respectively.

Year-to-date registrations are down -2.7%, with 204,005 new LCVs joining British roads since January, a result of fluctuating fleet buying cycles coupled with ongoing low business confidence.

Mike Hawes, SMMT Chief Executive, said, “While variations in buying cycles are a natural feature of the light commercials sector and demand is still at high levels, the overall trend is one of decline.”

Hawes summarised, “ongoing uncertainty and low business confidence are undoubtedly having an effect; therefore government must address these concerns and create the conditions necessary for the market to prosper.”

About the author

Richard Wilson is the deputy editor for Commercial Tyre Business. Since 2015, Richard has worked as a correspondent for all of the titles across the Valebridge Publications Ltd Group namely: Retreading Business, Tyre & Rubber Recycling, The Tyreman and Truck and Bus News. Richard has worked on/off from the age of 16 for the company and whilst gaining a Bachelor's Degree in Spanish and Business Studies at Coventry University, he developed his writing skills at the University paper and more recently writing his own independent blog.

Contact: richard.wilson@retreadingbusiness.com

Phone: (44) 1270 668 718

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