The variety of new mild industrial automobiles (LCVs) becoming a member of UK roads grew 2.4% in October with 26,974 new vans, pickups and 4x4s registered, in line with the SMMT
This represents the third consecutive month of general market progress and the perfect October in three years.
Mike Hawes, SMMT Chief Govt, stated: “The continued progress in demand for brand new vans is encouraging given this sector is a barometer of the well being of Britain’s companies.
“Business has invested enormous sums delivering cutting-edge know-how, together with zero emission automobiles, however low demand raises critical doubt over the power of the UK to realize its bold inexperienced targets.
“There must be an urgent review of the market, regulation and support in place, else the cost will soon be felt in reduced UK investment, economic growth, jobs and decarbonisation.”
Progress was pushed by demand for small and medium vans, up 55.9% and 49.6% to 683 and 5,688 items respectively.
Uptake of huge vans fell by -2.7% to 17,683 items, although these automobiles nonetheless characterize 65.6% of the market.
Future demand for brand new pick-ups is at critical danger following final week’s Price range announcement to tax double-cabs as vehicles for profit in sort and capital allowances functions past April 2025.
The change will influence very important industries equivalent to farming, building, utilities, the self-employed and different companies.
Demand for brand new BEVs rose for the primary time in 5 months, up 61.8% to 2,263 items, with new registrations representing 8.4% of the entire new LCV market in October.
Over the 12 months uptake has fallen by -1.9% in contrast with the identical interval final 12 months, accounting for a 5.6% market share.
The extension of the Plug-in Van Grant into the following monetary 12 months is vital however additional measures are wanted to provide fleet operators confidence.
The shortage of charging infrastructure suited to the precise wants of vans can also be a serious barrier for fleet operators contemplating the swap to electrical.
