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Demand for new vans down in July but 2024 market remains robust
Figures released Monday (5 August) by the Society of Motor Manufacturers and Traders (SMMT) show that the UK’s light commercial vehicle (LCV) market dropped -8.5% last month with registrations for the sector of 24,689 LCVs, when compared to July 2023.
However, the overall market remains robust with 2024 registrations up 2.7% this year to date and are the best first seven months since 2019.
Apart from demand for the smallest vans, which continued to remain strong with July registrations more than double (117.6%) to 929 units, all other segments were down.
Largest vans still represent more than two thirds (68.1%) of the overall market, but last month registrations were down -12.0% to 16,814 units, while -8.4% fewer new medium-sized vans were registered. Disappointingly, BEV registrations for July were down to 1,415 units (-14.6%).
Since January 2024, BEVs have accounted for 5.1% of all new vans – a share that includes those weighing up to and equal to 3.5 tonnes (4.8%) and those weighting above 3.5 to 4.25 tonnes (0.3%) – meaning zero emission uptake is down -7.0% across the year so far.
Denise Beedell, Senior Policy Manager at Logistics UK said, “It’s good see that SMMT’s latest outlook for the year remains robust, with 351,000 LCV units expected to be registered this year, which will be an increase of 2.8% on 2023.
"However, the BEV share of LCV registrations under 3.5 tonnes has been revised downwards to 6.6%. Logistics UK alongside partners of the Zero Emission Van Plan Campaign has been calling on government to ensure van fleet operators have the confidence to invest in zero emission vehicles.
"Our asks include improved charging, regulatory and fiscal support and the removal of regulatory barriers to minimise the barriers impacting on the uptake of zero emission vehicles.”
Published On: 08/08/2024 12:49:29
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