THE UK economy picked up by 0.6% in the six months to June, prompting Chancellor George Osborne to claim “Britain is now on the mend” but, perhaps surprisingly, you weren’t quite so keen to buy new vans in July as you have been through the first six months of the year.
We are confident that the van market will end the year strongly, up 9.2% on 2012
Against the trend, sales of light commercials in the seventh month dipped slightly by 2.6% to 18,417 units. The January-July period remained ahead with 151,594 LCV registrations, 9.3% up on the corresponding period in 2012.
SMMT commercial vehicle manager Nigel Base told Business Vans: “July’s commercial vehicle market performed on par with 2012 levels as rising truck volumes helped to offset a dip in van sales.
“Van registrations have fluctuated through the year with dips following sizable peaks in demand. We are confident that the van market will end the year strongly, up 9.2% on 2012.”
It was good news for truck sales in July. Demand increased 10.3% in the month, beginning a turnaround of the 7.8% decline experienced over the year to date and stabilising the overall commercial vehicle market.
UK van registrations: 2013 and % change on 2012
|July||% change||Year-to-date||% change||Rolling year||% change|