“In spite of widespread concern over the referendum result, June registrations for commercial vehicles up to 3.5 tonnes rose 2.7% compared to last year”, said Sue Robinson, Director of the National Franchised Dealers Association which represents commercial vehicle and franchised car retailers across the UK, commenting on the SMMT’s commercial vehicle registration figures.
Overall light commercial vehicle demand was up 2.7% in June with 36,700 units registered. New van market reached record levels in the first six months of 2016, increasing by 3.0% compared to last year, to191,996 units.
Robinson continued, “The strongest results came again from the heavy weight van sector between 2.5 & 3.5tonnes (+11.3%), in line with this year’s result (+12.7%). These maximum weight vans are usually acquired for corporate service business and used for door to door delivery of internet purchases.
“Although this is a smaller market segment, sales of pick-ups have increased substantially this year with an annual growth of 10.9%. Upturn in June was even stronger (+17.3%) supported by the expansion in the construction and building industry.
“It is extremely positive that in spite of recent economic turmoil the sector has remained strong and many dealer members feel confident that it will continue to perform well throughout the remainder of 2016. Nevertheless, we are aware that much will depend on how manufacturers will react to exchange rate values, which could affect the end price of their products and marketing programmes.”
NOTES TO EDITORS:
Gabriele Severini, NFDA Communications Officer Tel: 020 7307 3423 Mob: 07880 039 897 Press Office direct line: 020 7307 3422 Press Office fax: 020 7307 3406 Web: www.rmif.co.uk Email: Gabriele.firstname.lastname@example.org
The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.