Expert Blog

Our record-breaking van market

20161030_Our record-breaking van market

As our previous post explained, the car market enjoyed a fine third quarter and a record-breaking September. But what about the van market? We’ve put the Society of Motor Manufacturers and Traders’ latest registration figures through our own spreadsheets and transcribed them into chart form:

Our chart shows that 379,383 light commercial vehicles (LCVs) were registered in the year to September, which isn’t just a 4.3 per cent increase on the equivalent figure from last September – it’s the highest annual total ever recorded.

But that’s not the full story. The graph also breaks these van registrations down by size – and, as you’ll see, some sizes are doing better than others. The red part of the graph, representing pickups, has gone from making up 11.0 per cent per cent of the entire market to 11.8 per cent in the past year alone. Even more impressive, the black part, representing vans weighing between 2.5 and 3.5 tonnes, has gone from 58.4 per cent to 62.9 per cent.

It’s as we observed the last time we looked at these figures: van drivers are increasingly choosing either the lightest or the heaviest options. And this raises new questions. Will the pickup owners eventually migrate on to medium-sized vans? Will the heavy-van owners eventually migrate on to trucks? We will, of course, be keeping our spreadsheets ready for the answers.

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