Van market up 5.4pc in May

From Logistics Manager Magazine,
Published Wednesday 5 June 2019 2:59 pm

The van market grew 5.4 per cent in May, with 29,142 vehicles registered on British roads, according to the Society of Motor Manufacturers and Traders.

Demand for vans weighing less than 2.0-tonnes rose 14 per cent, while registrations of mid-sized and larger vans 2.0 to 2.5-tonnes and 2.5 to 3.5-tonnes, were up 10.2 per cent and 5.3 per cent respectively.

SMMT chief Mike Hawes said: “Another month of growth for the UK’s van market is welcome news, evidence that investment by manufacturers into new models is continuing to help attract buyers. Vans today are more high-tech than ever, with impressive fuel economy, safety features and performance. However, business purchasing is cyclical in nature and for the market to stay strong we need the right economic and political conditions.”