Record-breaking year for van registrations

Date: Thursday, January 05, 2017

The UK new van market grew for the fourth year in a row with a record 371,830 LCVs registered in 2016, the latest SMMT figures have revealed.

This equates to a rise of 1.0% compared with 2015’s statistics.

The largest LCV sector – comprising of medium and large vans weighing between 2.5t-3.5t – grew by 4.8% to 232,948 units, while the pick-up market went from strength to strength, growing by 17.6% to 47,715 vehicles.

“Another record year for light commercial vehicles is great news, even with marginal growth, and underlines the fundamental strength of the sector,” said Mike Hawes, SMMT chief executive. “To ensure future fleet investment and growth in this important market, buyers – and manufacturers – are looking for a strong economy and business environment.”

Registrations of vans weighing below 2.0t, meanwhile, dropped by 14.2%.

Demand for vas weighing between 2.0t-2.5t also fell by 2.5% compared with 2015’s figures, while the 4x4 market more than halved in 2016 to 4,319 units from 2015’s figure of 10,719.

The record-breaking year occurred despite a 10.4% fall in registrations during the month of December.



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