Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo

Pick-up demand helps van market return to growth

By / 3 months ago / News / No Comments

LCV registrations saw a rise in June following four consecutive months of decline.

fiat pickup

FIAT Doblò Work Up.

Latest figure from the Society of Motor Manufacturers and Traders (SMMT) show that new van registrations rose 1.8%, reaching 37,349 units in June 2017.

Growth was driven by the booming pickup market, up 14.2%, to almost 5,000 units, with the segment now reporting positive figures for 17 consecutive months Medium sized vans (> 2.0-2.5t) also enjoyed a significant boost, up 29.9%, while demand for small vans <= 2.0t rose by 2.3%, reversing the negative trend seen over the past year.

In contrast, H1 registrations saw a 3.7% decline, but volumes remain at a high level, with the year-to-date total of 184,926 vans some 54% higher than five years ago.

Mike Hawes, SMMT chief executive, said: “After two years of record growth in the new van market, it’s natural to see demand ease as the sector reaches a sustainable running rate. However, as these figures show, the market remains at a high level and we expect similar patterns of demand to continue throughout the year.”

For more of the latest industry news, click here.

Related Post

Natalie Middleton

The author didn't add any Information to his profile yet.