“While van registrations are down 14.8% in July, overall registrations are slightly below the pre-pandemic five-year average at -4%. The year-on-year drop was expected given the restricted supply of new commercial vehicles”, said Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle dealers in the UK commenting on the latest SMMT’s light commercial vehicle registration figures.
The latest SMMT figures reveal 23,606 vans were registered during the month of July, a 14.8% decrease from the same month last year. Vans ranging from 2.5 - 3.5 tonnes, making up the 70.5% of all van registrations, are down a modest 5.2%.
Demand for light commercial vehicles was down across all sectors, bar 4x4s. They showed an increase of 145.3%. At this point last year online deliveries became an essential component to life during the pandemic, this was reflected through heightened demand for LCVs.
Sue Robinson added: “Following a successful start to the year for the van market, a timely decline in sales has followed which has coincided with supply issues within our industry, most recognisably semi-conductor shortages and factory closures. NFDA CV members remain cautiously optimistic for the remainder of the year”.
NOTES TO EDITORS
Adam Weeks, NFDA Communications Assistant
The National Franchised Dealers Association (NFDA) is the trade association representing franchised car and commercial vehicle dealers in the UK. The automotive retail sector is one of the pillars of the UK economy, it has a turnover of around £200 billion and employs 590,000 people. There are about 4,500 automotive franchised retailer outlets in the UK. NFDA is the voice of automotive retailers.