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New van demand dips in March as UK LCV market stabilises

05 April 2017 #CV News #Registrations #SMMT News #Vans & Trucks
    • Light commercial vehicle market declines marginally in March, falling -0.9% following record 2016.
    • Demand for pick-ups continues upward trend, rising 23.0% in the month.
    • 97,970 vans registered in Q1 – a slight decline of -0.9% over the same period last year.

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Light commercial vehicle registrations dipped in March, as the market stabilised following a sustained period of strong growth and record demand, according to figures released by SMMT. 63,316 light commercial vehicles hit British roads last month, representing a small fall of -0.9%, and the first decline in March for five years.1

Pick-ups and heavier vans experienced an increase in demand in March, up 23.0% and 3.6% respectively. However, figures for smaller vans painted a different picture, with registrations of vehicles weighing less than 2.0 tonnes down by -31.6% and vans between 2.0-2.5 tonnes falling -4.0%.

Mike Hawes, SMMT Chief Executive, said,

The new van market has experienced strong levels of demand in recent years and this dip in registrations represents a natural rebalancing of the market. Despite the decline, demand remains at an historically high level with year-to-date registrations matching 2015’s performance, which was only exceeded by demand in 2016. We expect demand to remain stable at this high level throughout the year.

Notes

1 March 2012, LCV registrations declined by -11.1%.

Download the March and Q1 2017 press release and data table.

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