HGVs Registrations SMMT News

Van registrations level off in January after record 2015

04 February 2016 #HGVs #Registrations #SMMT News
  • Registrations of vans in the UK fall 4.3% in January, following five consecutive months of growth.
  • Vans below 2.5 tonnes see largest dip but demand for heavier vehicles remains buoyant, up 2.1%.
  • 2015 set all-time record for van market, with 371,830 units registered in the year.

4 February, 2016 After a record 2015, registrations of vans in the UK levelled off in January with a 4.3% fall in demand compared with the same month last year, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).

UK van registrations  rolling year totals January 2010 to-date

21,102 new light commercial vehicles (LCVs) were registered in January – the first month of decline since July 2015. Demand for vans below 2.0 tonnes and between 2.0-2.5 tonnes fell by 11.8% and 23.3% respectively in the month, but better news came from the 2.5-3.5 tonne market – the sector’s largest – where a 2.1% increase in registrations continued the trend towards heavier vehicles, driven by operators’ desire to maximise fleet efficiency.

LCV REGISTRATIONS 3 5T year-to-date registrations and split

Placed in context, demand for vans remains at a very high level. In 2015, an all-time high of 371,830 vehicles were registered as attractive finance deals and the growth in online shopping encouraged firms to invest in their fleets.

Mike Hawes, SMMT Chief Executive, said, “On the heels of a record-breaking 2015, which saw LCV registrations grow by an impressive 15.6%, January’s levelling off in demand comes as no surprise, and is indicative of what we can expect for the coming year. The overall market remains very strong, with business confidence high and the trend for home deliveries still growing.”

Download the full release and charts.

Filter News

Update Newsletter