05 November 2019
- UK new van market falls again, down -11.0% in October as uncertainty bites.
- Larger van registrations decline -19.2%, but demand for small and mid-sized vans rises 2.0% and 31.0% respectively.
- Year-to-date performance up 3.1% with 311,989 of the latest low emission models hitting UK roads.
UK new light commercial vehicle (LCV) registrations fell -11.0% in October, the second consecutive monthly decline, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Some 3,121 fewer models were registered in the month, as uncertainty and regulatory changes continued to affect the market.
In October, registrations of larger vans weighing 2.5-3.5 tonnes declined by -19.2%. Small vans weighing less than 2.0 tonnes and medium vans weighing 2.0-2.5 tonnes, however, posted rises of 2.0% and 31.0% respectively. The 4×4 segment also rose, up 65.0%, while pickup demand fell -12.0%. Despite the negative performance, year-to-date van registrations remain up 3.1% with 311,989 new vehicles joining UK roads so far in 2019.
Mike Hawes, SMMT Chief Executive, said,
A second consecutive month of decline for new van registrations gives cause for concern, as uncertainty continues to have a negative impact on the purchasing of big ticket items. We need to reverse this trend, getting more of the latest models onto our roads to help improve air quality especially in urban areas. Crucial to this will be restoring economic and political stability to the UK, giving businesses the confidence to invest in their fleets.