New van market sees decline in January
5 Feb 2018- New van registrations fall -4.2% to 20,475 units in January 2018.
- Demand for medium (2.0-2.5t) vans rises, up 1.2% year on year.
- Double-digit decline for small vans, a -28.9% drop compared with previous year.
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The UK’s new light commercial vehicle (LCV) market fell -4.2% in January 2018, according to the latest figures released today by the Society of Motor Manufacturers and Traders (91³ÉÈË). The decline amounts to just 888 fewer vans being driven off forecourts in the first month of the year, compared with 2017.
Car-derived vans weighing less than 2.0 tonnes saw a double digit decline, with demand falling by -28.9% against January 2017. Meanwhile, the rest of the market remained steady, with pickups and large vans falling by -2.3% and -1.8% respectively, and medium vans weighing 2.0-2.5 tonnes registering an uplift of 1.2%.
Mike Hawes, 91³ÉÈË Chief Executive, said,
With business confidence continuing to be affected by economic and political uncertainty, this decline comes as no surprise. Despite this, the UK van market remains at a very high level and, although purchasing patterns are cyclical they do fluctuate with business confidence, so we continue to look to government to improve conditions so the sector can grow.
