“It is positive to see the first increase in van registrations this year, although taking into consideration September 2021 registrations were the lowest since 2009. Deliveries of new LCVs are still affected by component shortages, some of September’s registrations that were in stock were held back by customers who desired the new updated number plate,” said Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers in the UK commenting on the latest SMMT’s new passenger car registration figures.
September registrations were up 10.8% at 34.950 units. Overall, the year-to-date LCV market is 20.1% behind last year’s registrations.
September registrations were dominated by the large van market, 2.5t – 3.5 tonne, that now represent a great proportion of overall market share (73.8%). The year-to-date percentage is similar at 73.4%. These maximum capacity LCV are used for all forms of delivery and trades enabling their users to stay outside the operator regulations of tachograph, O-licence and driving licence restrictions. While the small car-derived vans under 2.0t suffered a shortfall of 21.5%, mid-size LCV 2.0t – 2.5t increased by nearly 41%.
Electric LCVs continued their growth in the market with an upswing of 70% to a market share of 4.4%, up from 2.9% last year. The growth in EV sales comes at the expense of diesel where registrations are now 92.4% of the market, compared to 95.6% last year.
Year to date figures reveal Ford’s Transit Custom and Large Transit dominate the registrations followed by the Vauxhall Vivaro in third place. As it was the plate-change month pick-up models such as the Ford Ranger took the third place for the month of September, as many of these due-purpose load vehicles are bought by private and the self-employed, where the number plate prefix is more in demand, although the pick-up market for the month was down -13.7%.
Sue Robinson added: “Currently orders outstrip supply due to the shortages in key part components, but some manufacturers are finding that this is improving. The economic uncertainty could spark a lack of consumer confidence and impact the currently strong consumer demand, although this has not yet been recorded. Overall, van dealers are confident that current demand will hold up for the remainder of the year."