The UK’s gentle industrial car (LCV) market registered an 11.1% year-on-year (YoY) development in March 2024, the Society of Motor Producers and Merchants (SMMT) reported.
Final month, as many as 52,916 new LCVs, together with vans, 4x4s, and pickups, have been registered.
This marks the sector’s strongest March efficiency in three years.
This surge is attributed to a rise in companies renewing their fleets with the newest fashions, SMMT mentioned.
It additionally reveals the UK’s rising reliance on these automobiles for a spread of providers from on-line procuring deliveries to native trades.
March 2024 additionally marks the very best first quarter for the van sector previously three years, with volumes -7.7% beneath pre-pandemic ranges of Q1 2019, which noticed 102,743 models.
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The SMMT’s findings spotlight that the demand for bigger fashions, these weighing between 2.5t to three.5t, has risen by 16.1%, accounting for over two-thirds of the market.
Conversely, the smallest vans noticed the most important share improve in registrations, up 44.8% to 986 models, whereas medium-sized vans skilled a slight decline of three.6% to eight,939 models.
Pickup volumes have marginally elevated by 0.1% to five,767 models, and the demand for the newest 4x4s has jumped by 29.1% to 1,632 models.
Notably, March additionally noticed a report variety of fleets adopting electrical battery vans (BEVs), which grew by 14.7% to 2,906 models, representing 5.5% of the full LCV market.
With the Zero Emission Automobile Mandate requiring 10% of latest LCV gross sales to be zero-emission by 2024, there’s an pressing want for measures to spice up operator confidence in BEVs.
SMMT chief govt Mike Hawes mentioned: “Business is able to ship additional, however with inexperienced uptake nonetheless beneath mandated ranges, swift motion is required to offer new van consumers the boldness to go electrical. Fast supply of van-suitable public charging factors and eradicating the hurdle of taxation on their use are key to greener fleets and a greener future.”
