{"id":7694,"date":"2015-08-06T11:45:29","date_gmt":"2015-08-06T11:45:29","guid":{"rendered":"http:\/\/www.vanrental.co.uk\/vanblog\/?p=7694"},"modified":"2015-08-06T11:45:29","modified_gmt":"2015-08-06T11:45:29","slug":"new-van-registrations-stall-in-july","status":"publish","type":"post","link":"https:\/\/www.vanrental.co.uk\/vanblog\/archives\/7694","title":{"rendered":"New van registrations stall in July"},"content":{"rendered":"

After storming ahead during the first half of\u00a0the year<\/a>, new van registrations stalled in July, falling by 0.9% compared to the same period in 2014.<\/p>\n

According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), July’s flat results mean that van registrations have risen by 17% so far this year, compared to the\u00a0first seven months of last year.<\/p>\n

UK van and truck registrations: 2015 and % change on 2014<\/strong><\/p>\n\n\n\n\n\n\n
<\/td>\nJuly<\/strong><\/td>\n% change<\/strong><\/td>\nYear-to-date<\/strong><\/td>\n% change<\/strong><\/td>\nRolling year<\/strong><\/td>\n% change<\/strong><\/td>\n<\/tr>\n
Vans<\/strong><\/td>\n24,546<\/td>\n-0.9%<\/td>\n210,950<\/td>\n17.0%<\/td>\n352,340<\/td>\n17.5%<\/td>\n<\/tr>\n
Trucks<\/strong><\/td>\n4,434<\/td>\n39.7%<\/td>\n27,545<\/td>\n40.5%<\/td>\n49,404<\/td>\n-2.6%<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n28,980<\/td>\n3.7%<\/td>\n238,495<\/td>\n19.3%<\/td>\n401,744<\/td>\n14.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Data courtesy of SMMT (www.smmt.co.uk)<\/em><\/p>\n

According to Mike Hawes, SMMT chief executive, July’s\u00a0slowdown may be the result of an exceptional surge\u00a0in July last year, when several new van models hit the showrooms:<\/p>\n

\u201cThe commercial vehicle market\u2019s record performance in the first half of the year has been followed by a more sedate July, underpinned by a slight fall in van registrations.\u00a0This is not surprising given a particularly big uplift in the same month last year on the back of the launch of several new key models.<\/p>\n

Demand is still at a very high level, with year-to-date van registrations up 17% as confident businesses continue to invest in their fleets and capitalise on the ongoing trend for home deliveries.”<\/p><\/blockquote>\n

Mr Hawes singled out the home delivery market as a growth area and the\u00a0statistics seem to back this up. Registrations of vans in the 2.5-3.5t\u00a0sector, which are\u00a0the size used\u00a0by couriers, rose by 16.2% to 15,599 in July, while registrations of smaller vans fell by up to 34% (2.0-2.5t).<\/p>\n

The 2.5-3.5t sector has seen the biggest gains in 2015, with registrations rising by 21%\u00a0to 122,431\u00a0vans during the first seven months of the year.<\/p>\n

To finish on a positive note, let’s have a look at this graph, which shows that total CV registrations so far this year\u00a0are well ahead of the\u00a0average levels seen before the financial crisis, between 2003 and 2008:<\/p>\n

\"CV

CV registrations for the 7 months to July for 2013-2015 and 2003-2008 (courtesy of SMMT)<\/p><\/div>\n

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This reassuring graph suggests\u00a0to me that van buyers are both more confident and perhaps making up for deferred fleet renewals of previous years.<\/p>\n

As the second half of the year unfolds, we should get an idea of how sustainable this increased level of demand is.\u00a0Are businesses really expanding?<\/p>\n","protected":false},"excerpt":{"rendered":"

New van registrations stalled in July but remain significantly higher than during the first seven months of 2014.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7694"}],"collection":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/comments?post=7694"}],"version-history":[{"count":2,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7694\/revisions"}],"predecessor-version":[{"id":7697,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/posts\/7694\/revisions\/7697"}],"wp:attachment":[{"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/media?parent=7694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/categories?post=7694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanrental.co.uk\/vanblog\/wp-json\/wp\/v2\/tags?post=7694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}