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Van registrations rise in the summer, but semi-conductor shortage remains a concern
The van market saw its second-best August on record, with more than 20,500 registrations during what is traditionally one of the quietest months of the year, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).
While light vans weighing 2.5 tonnes or less saw a decline of 23.3%, heavier vans weighing more than 2.5 tonnes – which represent the largest section of the market – saw a 7% increase in overall registrations as demand for online shopping and construction remained robust.
2021 is proving to be another good year for van uptake, being 2.6% up on the five-year average. The semi-conductor shortage has impacted CV manufacturing both in the domestic market – where output is currently down 21.3% on the pre-pandemic average – and overseas.
Mike Hawes, SMMT Chief Executive, said: “This year has proved to be one of the best ever for new van registrations, buoyed by strong demand and growing confidence as the economy continues to open up. The impact of the semi-conductor shortage on manufacturing is affecting commercial vehicle production, however, even if it is not immediately apparent in the registration figures. With even more new zero emission models coming to market, the choices available for fleet renewal are increasing rapidly, which can play a significant role in helping the UK meet its ambitious emissions reduction targets.”
Published On: 16/09/2021 16:00:09