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.
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.
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.
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.
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.
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.”
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.
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.
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.
The UK new light commercial vehicle (LCV) market enjoyed growth in the first month of the year, according to the latest figures from the Society of Motor Manufacturers and Traders. Registrations rose 2.0 per cent in January with 24,029 of the latest, low emission vehicles hitting UK roads as new models and deals drove fleet renewal. Although the fluctuating nature of fleet renewal often impacts the first month of the year in particular, 2021 opened with the highest volume January since 1990, 10.5 per cent ahead of five-year average.
UK new car registrations fell -34.9 per cent in June, according to figures from the Society of Motor Manufacturers and Traders (SMMT) as the market began a tentative restart after more than two months of lockdown. The drop was an improvement on May’s -89.0 per cent wipe-out but, with 145,377 new car registrations, this still represented a significant decline of 78,044 compared with June 2019, as dealerships in Wales and Scotland remained closed for much of the month.
3,387 new light commercial vehicles were registered in the UK in April, 21,217 fewer than in the same month last year. The Society of Motor Manufacturers and Traders (SMMT) figures show that the market declined -86.2 per cent in the month as nearly all registrations stopped due to coronavirus lockdowns.
UK new light commercial vehicle (LCV) registrations returned to growth in December, following three months of decline, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). The market grew +7.8 per cent in December as the impact of regulatory changes eased and attractive offers on new models helped stimulate orders with only pickups experiencing a fall in demand.
Demand for new light commercial vehicles (LCVs) grew in April, up 4.7 per cent, according to the latest figures from Society of Motor Manufacturers and Traders (SMMT). 24,604 vans and pick-ups were registered in the month, with new models and compelling market incentives continuing the strong growth seen in Q1.
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