UK new van market achieves 20year high in November

New light commercial vehicle registrations rise 2.5% to 29,784 units in November – the highest on record.Lighter vans weighing 2.0-2.5T see biggest increase, with demand rising 43.1%.Overall year-to-date market remains strong, up 2.1% to 348,448 units. The UK’s new light commercial vehicle (LCV) market achieved a record-breaking performance in November, according to figures released by the Society of Motor Manufacturers and Traders. 29,784 new vans hit the roads last month – the most for two decades1.A 43.1% uplift in smaller vans weighing 2.0-2.5T drove growth in the month, while demand for versatile pick-ups also continued to rise – by a significant 36.7%. Demand for heavier vans, meanwhile, fell for the second consecutive month, with registrations for vehicles weighing 2.5-3.5T down -4.4%. However, year-to-date this segment remains strong, up 7.0% in the first 11 months of the year, and accounting for 62% of the market.Mike Hawes, SMMT Chief Executive, said,The new van market’s growth in November is welcome news and an encouraging sign of ongoing business confidence. With almost 350,000 light commercials registered so far this year, the sector remains on track to beat 2015’s record-breaking performance. For this success to continue in 2017 and beyond, however, it is essential that the economic conditions that have kept this sector so buoyant in recent years are maintained. November 2016 marks the highest month for new van registrations since November 1996 (when SMMT records began).Download the press release and data table.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)