Expert Blog

New van registrations reached new heights in 2016

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We recently blogged about the car registration statistics that the Society of Motor Manufacturers & Traders (SMMT) has published for 2016. They showed that, happily, more cars are being bought than ever before.

Yet that’s only part of the story. The SMMT, of course, also releases registration figures for vans, or Light Commercial Vehicles (LCVs) – and they’re rather buoyant too. As our graph below shows, a total of 375,687 were registered in 2016, which isn’t just 1.0% higher than the figure for 2015, it’s also the largest total in any calendar year.

 

SMALL VANS AND PICK-UPS ARE INCREASING THE FASTEST

Our graph also confirms one of the trends that we’ve observed in previous posts: that the smallest and biggest vans are becoming more popular. The number of pickups has grown by 17.6% over the past year, raising their market share from 10.9% to 12.7%. Whilst the number of vans weighing between 2.5 and 3.0 tonnes has increased by 4.8%, taking their market share from 59.8% to a massive 62.0%.

It’s true that the van market did slow down towards the end of 2016 – looking at December by itself, the registrations for that month were 10.4% lower than they were in 2015.

But one month oughtn’t concern us unduly, particularly when there was so much growth throughout the rest of last year. The simple fact is, there are plenty of vans and van drivers on Britain’s roads to help power our economy through the year ahead.    

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