RECORD NUMBER OF CARS IN THE UK BUT RATE OF GROWTH BEATEN BY DELIVERY VANS

Motoring

Following recent news that car registrations recorded the 21st month of continuous growth, new data has revealed the impressive rise in the number of LGVs and vans in the UK.

Reports from the Society of Motor Manufacturers and Traders (SMMT) have shown that despite the new car market reaching record heights, the rate of growth is far from the success seen with the new light goods vehicles (LGVs) and vans.

In fact, the UK’s demand for these commercial vehicles rose by 5.4% in April as more businesses invested in the latest models.

This means that 23,889 new vans, 4x4s and pickups were registered – the highest total for the month since 2021.

SMMT data stated that this was due to fleets, who invested in vehicles to support local trades, doorstep services and other sections of the logistics sector.

Deliveries of medium-sized vans grew by 6.8% to 4,611 units, while the biggest percentage increase was for the smallest vans, up 41.1%.

The latest market outlook from SMMT expects the UK’s new van market to grow by 3.3% to 353,000 units this year.

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