The number of new light commercial vehicles (LCVs) joining UK roads grew 2.4% in October with 26,974 new vans, pickups and 4x4s registered, according to the SMMT
This represents the third consecutive month of overall market growth and the best October in three years.
Mike Hawes, SMMT Chief Executive, said: “The continued growth in demand for new vans is encouraging given this sector is a barometer of the health of Britain’s businesses.
“Industry has invested huge sums delivering cutting-edge technology, including zero emission vehicles, but low demand raises serious doubt over the ability of the UK to achieve its ambitious green targets.
“There must be an urgent review of the market, regulation and support in place, else the cost will soon be felt in reduced UK investment, economic growth, jobs and decarbonisation.”
Growth was driven by demand for small and medium vans, up 55.9% and 49.6% to 683 and 5,688 units respectively.
Uptake of large vans fell by -2.7% to 17,683 units, though these vehicles still represent 65.6% of the market.
Future demand for new pick-ups is at serious risk following last week’s Budget announcement to tax double-cabs as cars for benefit in kind and capital allowances purposes beyond April 2025.
The change will impact vital industries such as farming, construction, utilities, the self-employed and other businesses.
Demand for new BEVs rose for the first time in five months, up 61.8% to 2,263 units, with new registrations representing 8.4% of the whole new LCV market in October.
Over the year uptake has fallen by -1.9% compared with the same period last year, accounting for a 5.6% market share.
The extension of the Plug-in Van Grant into the next financial year is important but further measures are needed to give fleet operators confidence.
The lack of charging infrastructure suited to the specific needs of vans is also a major barrier for fleet operators considering the switch to electric.