September 17, 2019

Van market momentum sustained

Van sales rose in July by 11% according to figures from the Society of Motor Manufacturers and Traders (SMMT).

The market has grown in every month of 2019, with 25,862 new models registered in July for use on UK roads.

Growth in July was driven by demand for medium vans, weighing 2.0-2.5 tonnes, and large vans, weighing 2.5-3.5 tonnes, the segments rising 17.2% and 16.9% respectively. Meanwhile pickups, 4x4s and smaller vans weighing less than 2.0 tonnes all saw declines in the month. In the year-to-date the market is up 9.0% and SMMT’s latest 2019 forecast has been revised up accordingly, to 363,000 units.

Mike Hawes, SMMT chief executive, said: “Another month of growth for the new van market is welcome relief for the automotive sector as it faces multiple challenges simultaneously. Buying cycles do fluctuate, however, and for this performance to continue we need an end to Brexit uncertainty starting with a favourable deal for the industry.”