New van market remains steady in July

Stable performance for new light commercial vehicle sector in July with demand steady, down -0.2% at 24,506 units.Year-to-date figures stable, up 2.6% to 216,472 registrations compared with 2015.The new van market achieved a steady performance in July – down just -0.2% – with nearly 25,000 new LCV registrations last month, according to figures released today by SMMT.Heavier vans saw a small decline in demand, with registrations for the 2.5-3.5T segment down -2.2% last month. However these larger vehicles accounted for 63% of all the vans registered so far this year. Figures for smaller LCVs painted a mixed picture, with registrations of new vans below 2.0 tonnes up 1.6%, while vans between 2.0-2.5 tonnes fell -2.8%.Year-to-date figures show heavy vans continue to dominate the market, with registrations up 10.8% as operators seek to maximise the productivity of their fleet.Mike Hawes, Chief Executive, SMMT,After a record performance in the first half of the year, it was inevitable that growth would start to level off over the summer. Maintaining business confidence for LCV operators will be critical to this sector’s future performance.Download the full release and data tableClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)

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