February 18, 2020

Van market up +5.9% marking positive start to 2020

The UK new light commercial vehicle (LCV) market has enjoyed growth in the first month of the year, after three months of decline towards the end of 2019.

Registrations rose +5.9% in January according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).

Small vans weighing less than or equal to 2.0 tonnes and mid-sized vans weighing more than 2.0-2.5 tonnes led the charge, with double-digit growth for both segments at +26.3% and +41.7% respectively. 4x4s experienced a moderate growth of +6.3% while pick-up registrations fell -9.7% and larger vans weighing more than 2.5-3.5 tonnes remain stable at -0.9%.

Mike Hawes, SMMT chief executive, said, “January’s growth is welcome news for the commercial vehicle sector. Especially welcome is the increased uptake of alternatively fuelled commercial vehicles, essential if we are to address both climate change and air quality goals. The fastest way to do this is by encouraging uptake of the latest low emission vehicles, regardless of fuel type, and business confidence remains vital for this transition.”