The van market's success contrasts with the struggling new car sector.
The UK’s new van market grew in November despite the lockdown imposed across England, new figures have revealed. Data from the Society of Motor Manufacturers and Traders (SMMT) shows more than 28,500 vans weighing up to 3.5 tonnes were registered in the UK last month – up 8.8 percent on the same month last year.
According to the figures, the lion’s share of the growth came from the largest sector of the market – vans weighing between 2.5 and 3.5 tonnes. That market ordinarily makes up around two-thirds of all van registrations, and last month saw the sector grow from just under 16,600 vehicles in November 2019 to almost 21,000 in the same month of 2020.
That 25-percent increase was complemented by a 13.7-percent uplift in the number of light vans weighing less than two tonnes. There was also a 13.6-percent increase in registrations of vans weighing between two and 2.5 tonnes.
However, this growth was cancelled out somewhat by losses in other sectors. Pick-up truck sales were down by more than 50 percent in November, with fewer than 2,000 hitting the roads of the UK. That’s down from more than 4,500 in the same month of 2019.
Sales of commercial 4x4s were down, too, although this small-volume corner of the market fared better than its 0.7-percent reduction in sales might suggest. That proportion equated to a drop in sales of just one vehicle compared with November 2019.
The figures come as a topsy-turvy year for new van sales draws to a close. Thanks to lockdowns and coronavirus restrictions, sales are down overall, with just over 265,000 new vans registered during the first 11 months of 2020. That’s down 21.5 percent on the 338,000 vans registered during the same period in 2019.
However, the industry might take some solace from the fact the van market is dramatically outperforming the new car market. Last month saw new car sales fall by more than a quarter compared with the same month in 2019, and the sector is down by around a third over the first 11 months of the year.
“Growth in new van registrations, even through November’s lockdown, is welcome during these turbulent times,” said the SMMT’s chief executive, Mike Hawes. “But it’s important not to assume a long trend just yet. As regions emerge from lockdown for the final month of 2020, it’s vital that this growth translates into longer term investment in fleet renewal for the sector to help drive the economy towards recovery.”