Van market grows 5pc

The van market grew last month according to figures released today by the Society of Motor Manufacturers and Traders. Just over 16,000 new LCVs were registered August, representing a 5.0 per cent increase in demand.

Demand for large vans saw a 14.6 per cent increase to take over two-thirds (67.2 per cent) of all van registrations. Meanwhile, it was a different picture for small and medium sized vans which fell 9.3 per cent and 29.7 per cent respectively.

Year-to-date registrations are down 2.2 per cent at 220,399 units.

SMMT chief Mike Hawes said: “August is typically one of the quietest months for new LCV registrations, so the increase in demand for these high-tech, ultra-low and zero-emission vehicles is especially welcome news. While year-to-date figures show the market remains at a reasonably high level, weak business confidence and uncertainty means fluctuations in demand will likely continue throughout year.”