The new van market continues its growth with a steady April and a record May in comparison to 2015.
Official figures from the SMMT (Society of Motor Manufacturers & Traders), show more than 56,000 new van registrations in April and May 2016, taking the year to date figure to 158,402 units, a 2.9% rise in demand compared with 2015.
Dominated by demand for heavier vehicles, the 2.5-3.5 tonne market was up by 22.6% in April and 13.3% in May compared with the same months in 2015, accounting for over 60% of the new LCV market.
Pick-ups have also performed well with a 35.4% increase in April, a total of 18,674 pick-ups registered in the first five months of 2016.
Mike Hawes, SMMT Chief Executive: “Following a quieter start to 2016, it is positive to see the van market picking up with a third consecutive month of growth in April, once again fuelled by increased demand for larger LCVs. The 3.3% rise in registrations during the first four months of the year places the sector in a strong position and on track to maintain stable growth throughout 2016.”
“Although May was a record breaking month for the UK’s light commercial vehicle market, the pace of growth is easing and is indicative of the performance we anticipate this year following the very high levels of demand seen in 2015. Providing there are no political or economic shocks to business confidence over the coming months, we expect the LCV sector’s good health to prevail during the remainder of 2016 as consumer appetite for online deliveries continues to grow.”