New van registrations rose by 3.0% to a record level of 191,996 units during the first half of 2016, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
The growth has been driven by strong demand for heavier 2.5-3.5t vans and pickups. Registrations in these two segments rose by 11.3% and 17.3% respectively in June.
This is consistent with the results seen in previous months. During the first half of this year, pickup registrations rose by 10.9%. Heavy van registrations rose by 12.7% to 120,395 units — that’s 62.7% of all vans registered during the first half of 2016.
This graph shows how demand for new vans has exploded in the UK since 2010:
Mike Hawes, Chief Executive, SMMT, said:
“It’s been an encouraging first half for the new LCV sector and, while growth may be slower than the record levels seen last year, the market remains strong with all the signs pointing towards a healthy performance in 2016. Maintaining economic certainty for van operators will be key to the sector’s ongoing success.”
Best-selling brands
Ford’s revamped range of vans has maintained an iron grip on the best seller tables so far this year, as this graphic shows:
Teasing out a few statistics from these figures shows us that Ford sold 163% more vans than second-placed Vauxhall in June. Ford’s sales in June were almost equal to the combined sales of Vauxhall, Volkswagen and Renault.
Across the year to date, Ford has sold 170% more vans than second-placed Volkswagen and nearly as many as VW, Vauxhall and Peugeot combined! It’s interesting to see that VW just edged Vauxhall into second place, despite the supposed impact of the emissions scandal.
Ford is absolutely dominating the UK van market at the moment. It’s hard to see this changing in the near future, given depth and breadth of Ford’s range and the firm’s reputation with British buyers. After all, the phrase Transit van doesn’t even have to mean a Ford anymore — it’s just understood to refer to a large panel van.
Pingback: Van values edge higher at auction in June as newer stock comes through | Van News: The VanRental.co.uk Blog
Pingback: New van registrations unchanged in July | Van News: The VanRental.co.uk Blog
Pingback: Used van prices creep higher in July | Van News: The VanRental.co.uk Blog