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VAN MARKET LEVELS OFF FOLLOWING RECORD BREAKING SALES IN 2015Back

CVRegIn what is traditionally a quite month for commercial vehicle sector as businesses and the self-employed wait for the new 16-plate, this February proved to be no different.

Figures released today show that demand in the van sector has levelled off with a 0.4% increase following an all-time record high in 2015.

Sales of vans under 2.5T often used as service vehicles by tradesman were down -18.8%. 3397 units were registered – 788 fewer than February 2015.

Maximum weight vans in the 2.5 – 3.5T sector recorded a growth of 6.2% over the same period last year – selling 8864 units. This sector accounts for 60% of all light commercial vehicles under 3.5T and are typically used to deliver online goods. This suggests that online purchases are on the high as the confidence in the economy improves and consumer spending increases.

Following an exceptional year in 2015 for light commercial vehicles, we anticipate the market to stabilise and look forward to seeing what next month’s 16-plate change will bring.
CVReg

Posted by Sue Robinson on 04/03/2016