For the third month in a row, the number of new vans registered here in the UK has fallen based upon data produced by the Society of Motor Manufacturers and Traders for November 2017. Obviously this is most concerning for those people working in that particular part of the motor trade industry.
For the month of November 2017, the number of brand new vans up to 3.5 tonnes that were sold amounted to 26,486. This is considerably less when compared with November of last year when 29,784 new vans were sold. This is a reduction of 11.1%.
The biggest reduction in percentage terms was for smaller vans up to 2.0 tonnes with a reduction of 21.7%. This was followed with pickups with a fall of 14.4% and the third worst performer was 4x4s that fell by 10.0%.
On a year to date basis to November 2017 there were 334,133 new vans sold with this being a fall of 4.1% in comparison to the same period last year when 348,448 new vans were sold. Again, this is quite a large drop in sales.
The largest drop in percentage terms was 4x4s at 90.6% followed by smaller vans up to 2.0 tonnes at 20.3%. The sector that suffered the third worst fall was vans between 2.5 to 3.5 tonnes that fell by 3.9%.
Presumably, one of the reasons why the number of new vans being registered has fallen in recent months is due to a lack of business confidence here in the UK. The situation is unlikely to have been helped by the recent increase in the Base Rate as, for some of those businesses borrowing monies on a variable rate of interest, this will have increased a business’s expenditure.
The top five selling new vans in November 2017 were: –
1. Ford Transit Custom 3,501
2. Mercedes-Benz Sprinter 2,142
3. Ford Transit 2,018
4. Volkswagen Transporter 1,825
5. Ford Transit Connect 1,733
The top five selling new vans on a year to date basis to November 2017 were: –
1. Ford Transit Custom 47,105
2. Ford Transit 25,388
3. Mercedes-Benz Sprinter 21,088
4. Volkswagen Transporter 19,988
5. Ford Transit Connect 18,400
It is pleasing to see that three of those new vans featuring in the top five selling vehicles were manufactured by Ford. At least this is one positive statistic in relation to the number of new vans being sold here in the UK.
Here at AIB Insurance we have an extensive panel of providers of van insurance so why not give us a call on 02380 268 351 and speak with a friendly, knowledgeable member of our team who will do all that he or she can to find you a competitively priced van insurance quote.
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