UK van registrations rose for the ninth month in a row in September, up 28.1% with 44,760 vehicles registered. Year to date registrations are up 20.8% to 257,979 units, according to figures from the Society of Motor Manufacturers & Traders. The Plug-in Van Grant, competitive running costs and increasing model choice continued to boost demand for battery electric vans (BEVs) ...
Read More »Van prices at auction are 42% higher than pre-pandemic
The average selling price for LCVs at auction is now £9,364, which is 42% higher than the pre-pandemic prices. Cox Automotive found that prices are 1.7% down year-on-year and 10.8% lower than the highs of 2021. Prices have now settled to what Cox Automotive believes represents the “new normal” for the LCV market. Matthew Davock, director of Manheim Commercial Vehicles, ...
Read More »Pricing and charging are ‘biggest obstacles’ to electric van sales
Fleets must overcome the sector’s uncertainty about the pricing and charging of EVs if they are to adopt zero-emission vehicles. That’s the conclusion of a new survey from the 360 Media Group. Writing in Cox Automotive’s latest quarterly insight, AutoFocus, Co-Founder of 360 Media Group Ian Richardson said there had been, generally speaking, ‘impressive’ uptake in EV sales over the ...
Read More »New van sales rise for eighth consecutive month
The UK new light commercial vehicle market grew for the eighth consecutive month in August, rising 5% to 16,303 units. Battery electric van registrations grew 18.9% to 1,122 units to take a 6.9% market share in August. A total of 11,414 zero emission electric vans have been registered so far this year, up 16.4% on the same period in 2022 ...
Read More »Almost half of vans in West London area will not comply with ULEZ regime
The shift to greener vehicles that comply with Ultra Low Emission Zone in London is much slower for vans than it is for cars. That’s a key finding from cap hpi which looked at Uxbridge in West London, which comes under the new ULEX regime. The London ULEZ aims to improve air quality by reducing harmful emissions. It is due ...
Read More »New van registrations up 44% in July as demand soars
New van registrations rose for the seventh consecutive month in July, up 44.2% year on year to 26,990 units, according to the Society of Motor Manufacturers and Traders (SMMT). In the best July since 2020, registrations were also up 4.4% compared with pre-pandemic 2019 volumes, a result of rising demand for new vans, pickups and 4x4s and the easing of ...
Read More »LCV values fall to two-year low at auction in June
LCV values fell 4.5% to £9,205 in June compared to May, representing a two-year low in what is increasingly a two-tier market. Performance against price guides fell to 97.5% (from 98.9% in May), underlining the widening disparity between values paid for the very best condition light commercial vehicles and those realised by more poorly presented vehicles. Stuart Pearson, BCA COO ...
Read More »Gap between best and worst presented vans at auction widens in May
The price gap between the best and worse presented LCVs at auction widened in May with more fleet vehicles entering the market. Following a substantial rise in April, when values reached their highest point in over a year, used LCVs averaged £9,639 in May, down 6.6% compared to April. Year-on-year, however, values were up 1.3%. BCA said that vans suitable ...
Read More »Van sales rise for fourth consecutive month as supplies improve
The UK new light commercial vehicle (LCV) market saw registrations rise for the fourth consecutive month, up 4.9% to 22,665 vehicles year on year in April. Year to date 109,937 new LCVs have been registered, just -13.7% off 2019, down from -15.1% last month. The market’s transition towards zero emission vehicles also received a boost with a 62.6% increase in ...
Read More »Strong demand sees van values hit eight-month high in March
Retail demand for vans ‘remains upbeat’ causing average LCV values to hit £10,000 in March, the highest point since July last year. Average LCV values rose by £126 in March compared to February, to reach £9,977 and sold volumes “improved significantly” according to the latest figures from BCA. Stuart Pearson, BCA COO UK commented: “BCA operates the largest wholesale LCV ...
Read More »