SMMT – van market grows steadily

For the first seven months of the year, van registrations were up 9% to 222,280 units according to the industry body the Society of Motor Manufacturers and Traders (SMMT).

Among the different categories, the 2.5-3.5 tonne sector saw the strongest growth of 12%.

SMMT chief executive Mike Hawes said: “Another month of growth for the new van market is welcome relief for the automotive sector as it faces multiple challenges simultaneously. Buyers continue to be attracted to the latest, cleanest vans which is good news for the manufacturers that have invested significant amounts to create them, but also for the environment and exchequer. Buying cycles do fluctuate, however, and for this performance to continue we need an end to Brexit uncertainty starting with a favourable deal for the industry.”

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