UK Van Market Declines for Second Consecutive Month

Uk-Van-Market

UK new light commercial vehicle (LCV) registrations fell -11.0% in October. This represented the second consecutive monthly decline, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). The decline was seen by some 3,121 fewer models being registered in the month, as uncertainty and regulatory changes continued to affect the market.

Van Market Falls in October

In October, registrations of larger vans weighing 2.5-3.5 tonnes declined by -19.2%. Small vans weighing less than 2.0 tonnes and medium vans weighing 2.0-2.5 tonnes, on the other hand, posted rises of 2.0% and 31.0% respectively. The 4x4 segment also rose, up 65.0%, while pickup demand fell -12.0%. 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.”

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: richardjwilson@btconnect.com

Phone: (44) 1270 668 718

Make sure you keep up to date with the truck and bus tyre market

Click here to receive our regular e-newsletter.