New van market soars in October with 14.1 percent growth!
The UK new van market soared in October 2018, growing 14.1 percent in comparison with October 2017, with buyers tucking into 68-plate vans.
October new van registrations
Statistics revealed by the Society of Motor Manufacturers and Traders (SMMT) have shown a staggering 14.1 percent increase in new van registrations in October 2018, in comparison with the same period in 2017. The UK new van market increasing 14.1 percent in October 2018 follows a contrasting month in September where demand decreased 6.1 percent. Large vans led the way last month with a staggering 27.6 percent growth in new van registrations, also experiencing a positive month last month were pick-ups, which grew 3.2 percent last month. On the flip side, it was a sorry month for small vans and medium vans which declined 24.9 percent and 14.8 percent respectively. A total of 28,494 new van registrations were made last month, in comparison with 24,968 for the same period in 2017.
SMMT Chief Executive, Mike Hawes expects the fluctuations to continue over coming months, commenting:
"While it is positive to see a boost for new vans in October, the growth comes on the back of a turbulent 10 months, with ongoing fluctuations in demand. Although the sector remains strong, we expect this trend to play out over the remainder of the year, as ongoing political uncertainty affects business confidence and hence operator investment."
October's best-selling new vans
Ford vans again led the way with four of the top ten best-selling new vans last month, and the Ford Transit Custom again at the top of the tree. The Ford Transit fell one place to third in the table last month, whereas the Ford Transit Connect and Ford Ranger swapped places from October, taking sixth and seventh places in the table respectively last month. Splitting the two Ford vans in first and third places in the table was the Mercedes-Benz Sprinter which moved up three places to take second place in October.
As a result of an incredibly impressive month for the Mercedes-Benz Sprinter van, the Vauxhall Vivaro and Volkswagen Transporter medium vans both dropped a place in the table, to take fourth and fifth places respectively. It was all change at the back end of the table, with three new top ten entries and three vans exiting the top ten. In eighth place, the Peugeot Boxer replaced the Mitsubishi L200 from September; whilst it was a contrasting story for another of the Peugeot vans range, the Peugeot Partner losing ninth place, only to be displaced by its sister van in the form of the Citroen Berlingo. In tenth place, the Nissan Navara pick-up was replaced by the Renault Trafic.
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