CV Show 2024
23 - 25 APRIL 2024 • NEC • BIRMINGHAM • UK
2 January 2024
CV Show

Van sales see eleventh month of rises

UK's light commercial vehicle market grows 12.7% in November with 27,433 units; medium vans lead growth, electric van registrations decline slightly.

News

Britain’s new light commercial vehicle (LCV) market grew by 12.7% in November as 27,433 vans, pickups and 4x4s joined Britain’s fleets, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). The performance is 4.6% above pre-pandemic 2019 levels and represents 11 consecutive months of rising demand, totalling 311,754 units – the largest volume for two years as product availability continues to improve.1

The greatest volume growth was delivered via medium-sized vans, more than doubling by 161.1% to 4,554 units, while rising registrations of 4x4s and pickups continued, up 6.5% and 14.9% respectively to 589 units and 3,783 units. New LCV buyers continue to show preference for payload and fuel efficiencies, however, with the largest van models – those weighing from 2.5 tonnes to 3.5 tonnes – representing 18,070 units and 65.9% of the market, albeit -1.6% units fewer than in November last year. Small van registrations, meanwhile, grew 10.4% to 437 units.

Battery electric van (BEV) registrations fell for the second month, as 1,631 units were registered – some 343 fewer than in November last year – however, the broader trend is positive, with BEV registrations up 15.0% since last January. Some 17,289 BEVs joined UK roads in 2023, accounting for almost one in 18 new vans registered across the year. The recent stall in demand, therefore, underscores the importance of measures that encourage van operators to invest in the benefits that zero emission technology offers, from lower CO2 emissions to increased performance, and potentially lower running costs, says the SMMT

Mike Hawes, SMMT Chief Executive, said:

An eleventh month of growth in Britain’s van sector is hugely positive, especially given fleet renewal is key to decarbonisation. It is crucial that operator demand also translates to zero emission van uptake, driving down CO2 emissions to meet Britain’s ambitious environmental targets.

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