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UK demand for new LCVs grew by 2.2% in February to 17,934 units which marks 14 months of consecutive growth.
The increase represents the best February performance since 1998, according to figures from the Society of Motor Manufacturers & Trader (SMMT).
Demand for large vans rose by 1.4% to 12,300 units, while medium and small-sized van demand declined by -5.9% and -20.5% respectively. Battery electric van uptake is at 4.7% market share, down from 5.5% a year ago, as volumes fall by 12.3%.
Mike Hawes, SMMT chief executive, said, “Britain’s appetite for new vans remains undiminished with 14 months of growth and, with last month’s rethink of taxation for pick-ups, expansion looks to be sustained.
“However, this growth and confidence must be translated into zero emission vehicles if we are to deliver our green goals.
“Maintenance of essential incentives and a ramp up of dedicated van-suitable chargepoint installation will be vital if we are to help keep long-term, net zero fleet investment moving forward at the pace needed.”
Registrations of vans weighing greater than 2.5 to 3.5 tonnes rose by 1.4% to 12,300 units while deliveries of small vans weighing up to and including 2.0 tonnes, and medium-sized vans weighing greater than 2.0 to 2.5 tonnes, saw declines.
The SMMT said fleet renewal is vital for decarbonisation and the government’s decision to scrap changes to double cab pick-up vehicle taxation should ensure investment in newer, lower emission models.
In order to raise demand, SMMT highlights the importance of maintaining existing purchase incentives and ensuring chargepoint rollout which includes van-specific charging infrastructure.