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Demand for new vans falls in July but 2024 market remains at three-year high

The UK’s light commercial vehicle (LCV) market dropped -8.5 per cent in July with 24,689 vans, 4x4s, pickups and taxis joining the road, according to figures from the Society of Motor Manufacturers and Traders (SMMT). The performance is in comparison with a strong July in 2023 – the best in three years – however, which came amid a record-equalling 17 consecutive months of market growth. With that exceptional run of demand ending only in May this year, the overall market remains robust with registrations up 2.7 per cent year to date to become the best first seven months since 2019.

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Related news:

  1. November a record month for UK van sales
  2. UK new van market grows 4.7 per cent in April as strong start to year continues
  3. Van market shrinks -24.8 per cent in June – SMMT
  4. Van market records best first half since 2021 despite June decline
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Van market records best first half since 2021 despite June decline

2024 The UK new light commercial vehicle (LCV) market declined -4.5 per cent to 33,066 units in June, ending a record-equalling 17-month growth run, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Despite the fall, the market has remained robust in the first half of the year – up by 4.5 per cent with some 177,620 new vans, pickups and 4x4s registered in 2024, the best performance since 2021.

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If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. LCV market drops 6.1 per cent in September
  2. November van and truck registrations headed for best year since 2008
  3. 30th consecutive month of growth in UK car registrations – SMMT
  4. New car registrations reach all-time high in 2015
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UK van market continues to grow in August

The UK new light commercial vehicle (LCV) market grew for the eighth consecutive month in August, rising 5.0 per cent to 16,303 units, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT), during what is traditionally a smaller volume month ahead of the September plate change.

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Related news:

  1. October LCV sales down 7.4%
  2. June LCV sales down nearly six per cent
  3. UK new van market shrinks -86.2 per cent in April
  4. September van registrations improve, but YTD market -20% on 2021
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Van & truck registrations up across Europe

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According to figures published by the European Automobile Manufacturers’ Association (ACEA), Registrations of vans and trucks grew both in the UK and the EU during the first quarter of 2023, but the EU-wide increase seen in bus registrations was absent in our market.

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Related news:

  1. New car registrations: EU up 10.2%, UK 2.9%
  2. April car registrations down across Europe
  3. UK, EU car markets grow in April
  4. Increased UK, EU new car registrations in December
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September van registrations improve, but YTD market -20% on 2021

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SMMT

The light commercial vehicle (LCV) market grew by 10.8 per cent to 34,950 units in September – a popular month due to the plate change. Despite strong order books throughout 2022, September is the first month of growth in registrations this year, as supply disruptions have restricted model availability. The SMMT warned that this performance is artificially inflated versus 2021; this September remains -35.5 per cent below the five-year pre-pandemic average.

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Related news:

  1. February LCV market fall was “not unexpected” says SMMT
  2. UK new van market shrinks -86.2 per cent in April
  3. New van market growth stemmed only by supply issues – SMMT
  4. UK LCV market finishes year down -20.0 per cent
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Sixth month of decline for UK van market

Figures released by the Society of Motor Manufacturers and Traders (SMMT) yesterday show that the UK new light commercial vehicle (LCV) market declined for the sixth consecutive month in June. New registrations fell by 23.0 per cent to 26,443 units. Amid ongoing global supply chain shortages, 144,384 new vans, pickups and 4x4s were registered during the first half of 2022, 24.6 per cent fewer than in the same period last year.

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Related news:

  1. November a record month for UK van sales
  2. UK new van registrations up 2.4 per cent in 2019 as market finishes year on a high
  3. New van market growth stemmed only by supply issues – SMMT
  4. SMMT: Best-ever November for LCV registrations
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New van registrations fall for fifth consecutive month as supply squeeze continues

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SMMT

UK light commercial vehicle (LCV) registrations recorded their fifth consecutive month of decline in May, falling -25.1 per cent to 22,000 units, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Although the fall is amplified in comparison with last year, which saw the highest May registrations total in history, the market was still some -21.5 per cent below the pre-pandemic average as component shortages restricted production and therefore delivery.

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Related news:

  1. Small growth in January van registrations
  2. June LCV sales down nearly six per cent
  3. Van market up five per cent in August
  4. January UK van registrations rise two per cent
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August van registration swell shadowed by looming semi-conductor shortage

SMMT

Typically a quiet month like the car market, August 2021 was the second-best on record, with 20,582 new van registrations, Society of Motor Manufacturers and Traders figures show. In the year to date the uptake of new vans is up 2.6 per cent on the pre-pandemic five-year average (although down -4.0 per cent on the same period in 2019). Despite a drop in sales in certain sectors of the light commercial vehicle market, vans have largely maintained good figures throughout the Covid-19 pandemic, an effect of booming last-mile delivery and mobile services. Several segments are currently enjoying the market entrance of new zero-emission and specialist models. Despite this buoyancy, the SMMT warned that the semi-conductor shortage is looming over the sector and is already affecting production and throttling new van sales.

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Related news:

  1. June LCV sales down nearly six per cent
  2. New van market growth stemmed only by supply issues – SMMT
  3. Supply shortages stunt new van sales but market expected to recover
  4. January UK van registrations rise two per cent
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Supply shortages stunt new van sales but market expected to recover

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The light commercial vehicle (LCV) market saw its first decline since December 2020 as July registrations fell -14.8 per cent, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). Supply issues – most notably of semiconductors – has meant only 23,606 vans were registered during the month. Despite this challenge, the month’s performance was only a moderate -4.0 per cent decline compared to the pre-pandemic five-year average.

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Related news:

  1. New van market growth stemmed only by supply issues – SMMT
  2. June LCV sales down nearly six per cent
  3. Van market up five per cent in August
  4. UK new van market shrinks -86.2 per cent in April
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New van market growth stemmed only by supply issues – SMMT

SMMT

The buoyancy of the British van market post-lockdown is demonstrated by the swift rise in new van registrations in 2021. While certain goods and service industries have supported business continuity for van fleets during the pandemic – such as home delivery and mobile vehicle servicing – the rise in new van purchases demonstrates both confidence in the market and demand for newer, more efficient van technologies. This is good news for UK van tyre suppliers, with original equipment sales supported well in the short-term, and continuity of demand for the latest tyre models to suit new van technologies in the replacement stream, notably including electric vans.

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Related news:

  1. UK new van market shrinks -86.2 per cent in April
  2. February LCV market fall was “not unexpected” says SMMT
  3. Moderate light commercial growth in August
  4. UK LCV market finishes year down -20.0 per cent
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May van registration figures ‘clear indicator’ of growing economic confidence

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Commenting on the SMMT’s figures for LCV registrations in May, Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA) said: “It is extremely positive to see that light commercial vehicle registrations continued their upward trend with record sales in May, as increased confidence in the sector continues post lockdown.”

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Related news:

  1. Best May on record for van registrations
  2. NFDA sees light commercial registrations rise, powered by mid-large vans
  3. February LCV market fall was “not unexpected” says SMMT
  4. Uncertainty and weaker sterling behind LCV registration decline
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Best May on record for van registrations

The light commercial vehicle (LCV) market had another record-setting month, with 29,354 vans registered in May, according to the latest figures from the SMMT. It was the best May performance on record for the LCV market, 4.7 per cent up on pre-pandemic levels as the increasing sector confidence continues beyond lockdowns, when demand for deliveries, e-commerce and essential services first put commercial vehicles to the test.

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New van market records highest-ever April registrations

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The light commercial vehicle market recorded its busiest ever April as 30,440 new vans were registered, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). All vehicle segments saw artificially inflated growth rates relative to April 2020, when Covid restrictions shut down much of the economy, with an eight-fold increase in total units. Registrations were also well ahead of the five-year average, with April 2021 up by 23.2 per cent. With some 127,796 vans registered so far in 2021, uptake levels have returned to levels last seen in 2019.

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Related news:

  1. June LCV sales down nearly six per cent
  2. January UK van registrations rise two per cent
  3. Van market up five per cent in August
  4. First LCV market growth since January
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LCV registrations up 22 per cent in February

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The UK new light commercial vehicle market grew by 22.0 per cent in the second month of the year, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). Usually one of the year’s weaker months as many operators wait for the new March number plate, 2021 saw the strongest February since 1998, with 17,205 new models hitting UK roads as demand from the construction sector and online deliveries drove new vehicle uptake.

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Related news:

  1. January UK van registrations rise two per cent
  2. UK new van market shrinks -86.2 per cent in April
  3. Small growth in January van registrations
  4. February LCV sales rise 1.8 per cent
/by

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