Latest figures released by the Society of Motor Manufacturers and Traders (SMMT) show that 292,657 vehicles were registered in 2020, as the impact of Covid and uncertainty over the future relationship with the EU brought down demand toward the end of the year, with registrations in the final month of the year dropping 1.0%, albeit with volumes consistent with previous Decembers.
October demand was strong across all segments except pick-ups where registrations are generally driven by retail customers in the leisure market and the agriculture sector, which is currently facing uncertainty as the UK prepares to leave the EU. The reduction of model ranges available has also harmed the sales of pick-ups.
Context is important as headline growth belies a weak September 2019 and is still short of the rolling average. From new social distancing restrictions, to job losses as the furlough scheme ends plus the end of the Brexit transition period, the next quarter holds myriad challenges for the industry says the SMMT.
With plans for Clean Air Zones in cities across the UK firmly on the table, demand among businesses for their fleets to have the newest and cleanest vehicles is continuing to rise
The National Franchised Dealers Association said that current stocks of panel vans are reasonably high, which is allowing for prompt deliveries to customers. If demand holds up going forward, a situation could arise where availability is restricted due to factories across Europe not being fully operational.
According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT) registrations rose 5.9% in January after three months of decline towards the end of 2019.
Europcar Mobility Group warns that outright van purchase can tie up significant capital that may need to be reserved for changing circumstances.
The SMMT reported that 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.
The first quarter of 2019 showed a 10.6% year on year demand increase (UK LCV) according to latest figures from the SMMT, the sectors best ever monthly performance.
The new light commercial vehicle (LCV) market saw year-on-year demand increase by 10.6% marking the sector’s best ever monthly performance.
Despite being traditionally one of the slowest sales months, 249 more vans and pick-ups hit British roads in February compared with 2018, as strong market incentives boosted registrations.
THE demand for pick-up trucks gave new van sales in November a welcome boost. Along with increased demand for large vans, registrations grew 9.6%: 29,000 vans and pick-ups joined UK roads, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). The increase represented 2,549 more pick-ups and vans registered in the month compared to November 2017. [...]
The new van market showed a welcome rise in February reports the SMMT, with large trades vans and pick-ups heading the growth
Highlights of SMMT 2017 LCV data New LCV registrations fall 3.6% to 362,149 units First downturn since 2012, but market still third highest in a decade. Demand for pick-ups up 7.8% in 2017 as large van registrations fall 3.1%. December van registrations up 2.9% to 28,016 vehicles. LCV registrations by brand THE MARKET for new LCVs dipped in 2017, slipping [...]
Van registrations August 2017: SMMT Best August in 12 years, up 1.5% to 15,619 units. Lighter vans weighing 2.0-2.5T see biggest increase, with registrations rising 39.9%. Year-to-date registrations down 2.8%, but in line with market expectations. A 40% rise in smaller van sales drove the market for the best August in 12 years, albeit by a marginal 1.5% increase over [...]
