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New van registrations grew by 2.5% in November with a total of 29,784 units, bringing the overall year to date growth to 2.1% with 348,448 units registered in the first 11 months of the year. In November, the market was led by Ford followed by Volkswagen and Mercedes Benz Vans.
Following last month’s surprising increase, mid-size vans of 2.0-2.5 tonnes, generally used in the service sector, showed again robust growth of 43.1%. Although a small segment of the van market, the ‘pick-up’ sector also rose consistently again by 36.7%, meaning an increase of over 1,000 units on the same period last year.
Large commercials of 2.5-3.5 tonnes, which tend to be acquired by corporates and fleets for services and logistics, declined by 4.4%. These usually represent one of the strongest segments of the market.
With no legislation changes due to happen in the short term, there is a general optimism that the light commercial vehicle market will continue to perform well into the new year.