Print

Posted in:

March van registrations suffer first fall in five years

UK van registrations saw a slight downturn in March, with a marked decrease for smaller vehicles.

generic van sale
UK van registrations saw a marked decrease for smaller vehicles.

Latest figures from the Society of Motor Manufacturers and Traders (SMMT) show a total of 63,316 light commercial vehicles hit British roads last month, representing a decline of -0.9% – the first downturn in March for five years.

The decline was more pronounced for vehicles weighing less than 2.0 tonnes and vans between 2.0-2.5 tonnes, which fell by -31.6% and -4.0% respectively. In contrast, pick-ups and heavier vans were up 23.0% and 3.6% respectively. Rigids were up 1.9%.

Year to date, the total van market was also down 0.9% to 97,970 units, with vans under 2.0 tonnes and between 2.0 and 2.5 tonnes down 27.7% and 0.5% while rigids declined 2.7%. Pick-ups were up 21.7% while heavier vans rose 3.3%.

Mike Hawes, SMMT chief executive, said: “The new van market has experienced strong levels of demand in recent years and this dip in registrations represents a natural rebalancing of the market. Despite the decline, demand remains at an historically high level with year-to-date registrations matching 2015’s performance, which was only exceeded by demand in 2016. We expect demand to remain stable at this high level throughout the year.”

For more of the latest industry news, click here.

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.

7057 posts