AM Online

UK recorded worst October van registrations for a decade, SMMT reveals

Vauxhall's e-Vivaro is the UK's best-selling electric van YTD

Society of Motor Manufacturers and Traders (SMMT) data has shown that light commercial vehicles registrations fell to their lowest level in a decade during October.

LCV registrations were down 18.4% at 22,366 – the worst performance for the month since 2012 – as supply shortages continued to restrict global production and availability.

The result left October 16.5% behind the pre-pandemic five-year average and the sector down 19.9% year-to-date at 235,962 units.

Mike Hawes, chief executive of  the Society of Motor Manufacturers and Traders (SMMT)SMMT chief executive Mike Hawes said: “The UK’s van market continues to be shackled by supply shortages amid difficult operating conditions, which will likely continue into 2023, easing over the course of the year.

“Demand for zero emission vans remains robust despite these challenges, but a successful net zero transition will require measures targeted at long-term operator confidence.”

Last week AM reported that the UK automotive sector remains on course to deliver its lowest new car registrations total since 1982, despite a 26.4% growth in October.

Hybrid and battery electric vehicles (EV) drove the year-on-year uplift in car registrations to 134,344 units, accelerating volumes on a poor October 2021 when deliveries fell by 24.6% year-on-year, with battery electric vehicles (BEV) increasing 23.4% to 19,933 and plug-in hybrids (PHEVs) by 6.2% to 8,899.

SMMT October 2022 LCV registrations by fuel typeIn the van sector, battery electric vehicle (BEV) rose 52.5% year-on-year in October to represent 7.6% of the market – up from 4.1% in the same month last year.

Deliveries of the most popular large vans weighing more than 2.5 tonnes declined by 7.6%, while registrations of mid-weight vehicles weighing up to 2.5 tonnes fell by 50.7% and those weighing 2.0 tonnes or under by 80.7%, however.

The performance has led the SMMT to downgrade its outlook for full year 2022 to 290,000 units – down 18.5% on 2021 and 20.8% on 2019.

While the LCV market is expected to rally in 2023 to 330,000 units, and up to 351,000 units during 2024, these totals would still be below pre-pandemic levels.

Ford registered the largest number of LCVs in October, with its Transit Custom leading the registrations league table, closely followed by the Transit.

The Vivaro Electric remains the UK’s best-selling electric van with 3,254 sold in the first 10 months of the year.

The success of this model has helped Vauxhall remain the country’s best-selling e-LCV manufacturer so far this year, as well as being the second biggest-selling LCV manufacturer overall.

Automotive Management Live 2024

The UK's leading event for motor retailers - Wednesday November 13, 2024.

‚ÄčAutomotive Management Live 2024 welcomes motor retail managers from across the UK to discover business improvements, to understand best practice and to network with fellow dealers and suppliers.

Topics this year will include agency business models, the brands now entering the UK new car market, used car stock management and more. It's free to attend, but you'll need to register.

Venue: NEC, Birmingham


Click here for manufacturer best practice and procurement insight

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.