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Pick-up demand helps van market return to growth

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

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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.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.

Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news.

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