February 18, 2020

UK new van market grows 4.7% in April as strong start to year continues

Demand for new light commercial vehicles (LCVs) grew by 4.7% in April, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).

The news follows publication of a new report by SMMT, showing that the number of vans on British roads has risen 59% since 2000, driven by the boom in online shopping and rapid rise in self-employment.

New models and market incentives bolstered the growth, which saw 24,604 vans and pick-ups registered throughout the month.

Sales of small (below 2 tonnes) and large (2.5-3.5 tonnes) vans drove the market in April, up 8.8% and 6.9% respectively, while demand for medium sized (2.0-2.5 tonnes) vans was flat. Appetite for both pick-ups and 4x4s was also broadly stable, down by -1.4% and -4.4% respectively.

Mike Hawes, SMMT chief executive, said, “Such a strong start to the year is good news for the sector, drivers and the environment. Getting more of the latest, low emission models onto our roads is the fastest way to tackle climate change and improve air quality, and with modern vehicles also featuring sophisticated safety and comfort features, and a raft of attractive deals on offer, there’s never been a better time to invest in a new van.”