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SMMT: New van registrations fall for fifth consecutive month as provide squeeze continues

SMMT: New van registrations fall for fifth consecutive month as provide squeeze continues

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UK mild business automobile (LCV) registrations recorded their fifth consecutive month of decline in Could, falling -25.1% to 22,000 items, in response to the newest figures from the Society of Motor Producers and Merchants (SMMT)

UK mild business automobile (LCV) registrations recorded their fifth consecutive month of decline in Could, falling -25.1% to 22,000 items, in response to the newest figures from the Society of Motor Producers and Merchants (SMMT).

Though the autumn is amplified compared with final 12 months, which noticed the very best Could registrations whole in historical past, the market was nonetheless some -21.5% under the pre-pandemic common as part shortages restricted manufacturing and subsequently supply.1

All segments noticed a fall in volumes through the month, though bigger vans weighing greater than 2.5 tonnes have been much less impacted, with a decline of -19.4%. Medium vans weighing better than 2.0 to 2.5 tonnes declined by -33.4%. The biggest fall was recorded within the 4×4 sector (-80.7%), though this can be a low quantity phase topic to volatility.

Some 869 battery electrical vans (BEV) have been registered within the month – 276 greater than final Could. BEV registrations for the 12 months up to now are 62.7% greater than final 12 months, due partly all the way down to important giant fleet orders delivered earlier within the 12 months. In consequence, over the 12 months up to now, general BEV market share has greater than doubled to five.2% – testomony to the rising alternative supplied by producers, with one in three fashions now obtainable as a plug-in.

Nonetheless, the sector lags behind the brand new automobile market, the place, within the 12 months up to now, BEVs comprise 14.0% of latest registrations. With pure petrol and diesel automobiles and vans going through the identical 2030 finish of sale date, the necessity for a ‘van plan’ to encourage operators to make the swap by offering long run incentives and devoted van charging infrastructure is instantly obvious. Electrical vans comprise only one in 20 new registrations and account for round one in 180 in use. That is borne out by an SMMT survey launched final month that exposed 58% of present van homeowners can be inspired to modify to an EV if there have been extra public charging factors, whereas 57% stated that authorities incentives resembling decreased tax or grants in direction of buy would assist them to transition to electrical.2

Mike Hawes, SMMT Chief Govt, stated,

World provide chain shortages proceed to carry again the market following final Could’s post-pandemic bounce again. Producers have, nevertheless, labored exhausting to get the newest zero-emission vans to prospects, greater than doubling their market share. Nonetheless, that is nonetheless an rising market and every little thing should be performed to encourage drivers to modify to zero emission business autos if we’re to attain our web zero objectives. The trade will deal with the provision chain challenges undermining supply however we urgently want a van plan to deal with the paucity of devoted business automobile infrastructure, in addition to incentives to spice up the sector’s electrical transition.

1. Could common 2015-2019 – 28,041
2. Trade requires chargepoint ‘van plan’ to modify homeowners to electrical, 24 Could 2022

SOURCE: SMMT

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