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Van registrations decline in May following period of very strong demand

05 June 2017 #HGVs #Registrations #SMMT News #TNB News
  • Light commercial vehicle registrations fall -5.3% in May, as market rebalances following two years of exceptional demand.
  • Pickups demand continues to grow – up 26.2% – but all other segments decline.
  • Year-to-date van registrations down -5.0%, but market remains at a high level.

SEE THE LATEST LCV REGISTRATIONS BY BRAND

The light commercial vehicle market (LCV) declined in May following a period of exceptionally strong demand, according to figures released by SMMT. 26,982 new vans hit British roads in May, representing a fall of -5.3%.

Demand for pickups continued its upward trend, with registrations increasing 26.2% compared with the same month last year. However, the medium and large van segments experienced a decline, with registrations of vans weighing 2.0-2.5 tonnes down -2.1%, while vans weighing 2.5-3.5 tonnes fell -10.1%. The under 2.0 tonne segment, meanwhile, remained steady, with an -0.8% decline representing just 20 fewer small van registrations than May 2016.

Mike Hawes, SMMT Chief Executive, said,

LCV registrations have experienced a period of stellar growth in recent years, so this decline was expected as the market stabilises. To put this performance into context, overall demand remains strong with year-to-date registrations up 51.2% compared with the same period five years ago, and we expect demand to remain stable at similar levels throughout the year.

Download the press release and data table for May 2017.

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