UK new van market enjoys record May

The United kingdom light business car or truck (LCV) current market observed yet another history location month, with 29,354 vans registered in May perhaps, in accordance to the Culture of Motor Companies and Traders (SMMT).

It was the ideal May perhaps performance on history with income up four.seven% on 2019 pre-pandemic stages as the growing sector assurance ongoing further than lockdowns, the SMMT stated.

Registrations grew across all segments with the overall variety of models quadrupling vs . 2020 lockdown-impacted volume.

Need for larger sized 2.five-3.five tonne vans drove the raise, comprising two thirds of all registrations, 19,687 vans.

With 157,150 vans registered so considerably in 2021, 12 months to date income have been the best on history, virtually double this stage in pandemic lockdown hit 2020 (+99.3% 12 months on 12 months), and up four% on the pre-pandemic five-12 months typical.

Mike Hawes, SMMT chief executive, stated: “May’s figures are welcome information, suggesting Britain’s further reliance on business cars is a extended-time period shift somewhat than a lockdown stopgap.

“As the nationwide vaccination rollout proceeds at speed, keeping business assurance is essential for the LCV current market.”