05 June 2019
- UK new van registrations up 5.4% in May, the fifth consecutive month of growth.
- Strong growth for smaller vans, demand up 14.0%, but pickups stall, down -1.8%.
- Year-to-date, market remains robust with more than 156,000 new LCVs registered.
The UK’s new light commercial vehicle (LCV) market grew in May, up 5.4%, as 29,142 new vans were registered on British roads, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). May marked the fifth consecutive month of growth for the LCV sector, as buyers responded to new models and competitive offers on the market.
Wider trends seen throughout 2019 continued, with demand for smaller vans weighing less than
2.0-tonnes rising most in the month, up 14.0%. Registrations of mid-sized and larger vans weighing 2.0 to 2.5-tonnes and 2.5 to 3.5-tonnes also rose, up 10.2% and 5.3% respectively.
Elsewhere, pickups and 4x4s stalled, down -1.8% and -26.3% respectively. Year-to-date, however, the UK’s LCV market remains robust, up 7.5% with 156,489 new units sold and all segments posting rises.
Mike Hawes, SMMT Chief Executive, said,
Another month of growth for the UK’s van market is welcome news, evidence that investment by manufacturers into new models is continuing to help attract buyers. Vans today are more high-tech than ever, with impressive fuel economy, safety features and performance. However, business purchasing is cyclical in nature and for the market to stay strong we need the right economic and political conditions.