News Story

New van market grows as car registrations decline

New van market grows as car registrations decline
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New van registrations were up 1.8% year-on-year, reaching 37,349 in June 2017, whilst car registrations for the same period were down 4.8% according to the latest vehicle data published by the SMMT.

Increased demand for small and medium sized vans coupled with high demand for pickups accounted for the growth. The number of pickups registered rose to almost 5000, representing a 14.2% increase year-on-year. The largest growth area was in the medium sized van market (>2.0-2.5t) which enjoyed a 29.9% increase.

Of all new car registrations, diesel vehicles took the biggest hit, down 14.7% against the same period last year. Petrol vehicles saw a modest increase of 2.5% and alternatively fuelled vehicles (AFV) rose by 29% to 10,721 registrations, representing a market share of 4.4%.

SMMT Chief Executive Mike Hawes said: “It’s encouraging to see alternatively fuelled vehicles experiencing rapid growth but adoption is still at a relatively low level and more long-term incentives are required if this new generation of vehicles is to be a more common sight on British roads.”