LCV best sellers - October 2016

UK van registrations dip in October, but Ford maintains market stranglehold

Demand for new vans fell by 4.5% to 26,950 units in October, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). But total registrations for the year-to-date remain up by 2.0%, according to the trade organisation.

October’s figures suggest that total registrations were dragged down by a significant fall in sub-2.0t and 2.5-3.5t models:

New van registrations October 2016

New van registrations October 2016 (source: SMMT)

The SMMT figures for 2016 so far show that both sub-2.0t and 2.0-2.5t vans have seen a fall in registrations this year. Only 2.5-3.5t models have seen overall gains:

New van registrations YTD Oct 2016

New van registrations year-to-date Oct 2016 (source: SMMT)

Commenting on the figures, Mike Hawes, SMMT Chief Executive, said:

“Following the sector’s very strong performance in 2015, a levelling off in demand was expected, so this month’s decline comes as no surprise. Overall, the market remains robust, with the number of van registrations in the first 10 months of 2016 outperforming any other year on record. Maintaining business confidence for LCV operators will be critical to this sector’s future performance.”

I agree that some flattening off of the market was likely after last year’s bumper performance. It will be interesting to see how much further sales trends have to fall before reaching stable levels.

October’s best sellers

It should come as no surprise to anyone that Ford retained its position as the UK’s best-selling LCV brand in October. Running a distant second was Volkswagen. Here’s a rundown of the full top ten for October and for 2016 to date:

LCV best sellers - October 2016

LCV best sellers – October 2016 (source: SMMT)

Van sales may be falling, but with more than 30% of the market, Ford’s position appears unassailable.

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