MAY MARKS STEADY GROWTH FOR THE VAN MARKET

Published 06/06/2016 00:00:00 in Press Releases

”It is positive to that the 3.5T and under sector of vans continued to grow in May with an increase of 1.9% ”, said Sue Robinson, Director of the National Franchised Dealers Association which represents commercial vehicle and franchised car retailers across the UK, commenting on the SMMT’s commercial vehicle registration figures.

Figures released today show that 28,480 vans were put on UK roads last month.

Robinson continued, “There was a decline in registrations of lighter weight commercials from car-derived vans less than 2T and mid weight CV’s up to 2.5T. These vehicles are typically used in the service sector and by the self-employed to carry tools and equipment. The decline in these two sectors was down -15.7% and -20.1% respectfully and only heightens the reliance on the demand for the large 2.5 -3.5T commercials that showed growth of 13.3% in the month.

“This sector is fast becoming the main contributor in the market - recording 96,241 registrations in the first 5 months of 2016 against a total LCV market figure on 155,266 units in the same period. This equates to a 62% market share for the heaviest vans.

“Overall the sub 3.5T light commercial market has performed well over the last few years, however we predict it will remain a stable market with further growth limited as the market prefers to stay away from operator controlled and HGV ‘O licenced’ commercials over 3.5T”.

 

ENDS

NOTES TO EDITORS:

Rupal Rawal, Press Officer
Tel: 020 7307 3412
Mob: 07528 977 157
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk  Email: rupal.rawal@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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