UK maintains stable van market in February
Written by: Fuel Card Services, Last updated:15th February 2022
New figures from the Society of Motor Manufacturers and Traders (SMMT) have highlighted a “stable” month for light commercial vehicle (LCV) registrations in February.
New van registrations in the UK increased by 1.8 per cent year-on-year to 14,384 units last month. Overall, year-to-date registrations were up by 5.8 per cent on the same period of 2018.
LCV market continues to do well
Large vans (2.5 to 3.5 tonnes) drove the majority of growth in February. This segment saw a 4.2 per cent increase in registrations and now makes up 65 per cent of the UK van market.
The UK’s best-selling LCVs in the year to date were shown to be the Ford Transit Custom, Ford Transit, Mercedes Sprinter, Ford Transit Connect and Vauxhall Vivaro.
Responding to the figures, SMMT chief executive Mike Hawes said: “While stability in the new van market in February is welcome news, it is important to remember that February is typically a quiet month, as buyers await the March plate change.”
He went on to add that this latest increase follows several months of turbulence for the van sector. At the same time, ongoing uncertainty over the impact of Brexit and a potential no-deal scenario is likely to create “further fluctuation” in the months to come.
Jez Strong, general manager for Tele-Gence, commented: “Van registrations continue to gain strength in the UK. This is extremely positive news for both the fleet and automotive sectors, although the impact of Brexit does create concern moving forward.”
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