- UK new van market falls for third consecutive month, down -9.6% in November.
- Most segments experience double digit declines, but pickups buck trend, up 17.2%.
- Performance year-to-date up 1.9% with 338,227 models registered for UK roads.
UK new light commercial vehicle (LCV) registrations fell -9.6% in November, the third consecutive monthly decline, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Market uncertainty and regulatory changes continued to affect performance, with some 2,797 fewer models registered in the month as all van categories and 4x4s experienced double digit declines.
In November, registrations of small vans weighing less than 2.0 tonnes and medium vans weighing 2.0-2.5 tonnes fell by -24.0% and -19.4% respectively. Demand for larger vans weighing 2.5-3.5 tonnes also declined, down -11.4%, and the 4×4 segment fell too, down -12.4%, while pickups were the only category to see growth, up 17.2%. Performance in the year to date is still up, however, rising 1.9%, with an extra 6,451 new LCVs joining UK roads.
Mike Hawes, SMMT Chief Executive, said,
A third consecutive month of decline for new van registrations is concerning, particularly after growth for much of the year. Ongoing political uncertainty doesn’t help inspire business confidence but this is essential if we are to embolden further investment in new vehicles which will go a long way to improving air quality in our towns and cities.