Commercial van market still growing strong
The Society of Motor Manufacturers and Traders (SMMT) reports that light commercial vehicle sales have again remained stable in February this year, with demand growing annually by 1.8%.
Even though February is historically one of the slowest sales months of the year, 249 more LCV's and pick-up trucks drove British roads in February 2019, compared with February 2018.
Large vans weighing 2.5t to 3.5t saw an increase of 4.2%, whilst car derived vans (CDV's) also saw an increase of 4.6%. However, pick-ups and smaller medium-sized vans experienced declines in registrations - decreasing by 2.4% and 4.5% respectively.
Currently, 36,620 new light commercial vehicles have been registered to date in 2019, representing a rise of 5.8% over the first two months of 2018.
Mike Hawes - SMMT Chief Executive - said, “while stability in the new van market is welcome news, it is important to remember that February is typically a quiet month as buyers await the March plate change. The increase follows a turbulent few months for van registrations and the effect of ongoing political and economic uncertainty on business confidence is likely to result in further fluctuations throughout