Motor Trade Insurance

New Van Sales Drop In September

October 16, 2018 by Logan Biggs

Motor traders specialising in the sale of new vans will be disappointed to read that, according to figures published by the Society of Motor Manufacturers and Traders (SMMT), the number of new van sales fell in September 2018 despite the fact that it is a month when the new six monthly registration plated vehicles were issued.

In September 2018, the sale of all new vans to 3.5 tonnes dropped by 6.1% when compared with the same month last year. In September 2018 there were 53,848 yet in September 2017 there were 57,368. That is a significant reduction.

The sale of new pickups rose by 8.8% from 8,843 to 9,625. The sale of 4 x 4’s increased by 496.2% from 53 to 316. New van sales less than 2 tonnes dropped by 42.9% from 4,563 to 2,605. In the 2.0 to 2.5 tonnes category sales fell by 14.4% from 7,981 to 6,829. In the 2.5 to 3.5 tonnes category new van sales fell 4% from 35,928 to 34,473.

On a year to date basis to September 2018, all vans to 3.5 tonnes fell by 3% from 282,679 in the 12 months to September 2017 to 274,247. New pickup sales grew by 4.6% from 40,431 to 42,311. 4 x 4 sales rose by 283.5% from 364 to 1,396. New van sales in the category less than 2 tonnes fell by 15.4% from 23,658 to 20,021. New van sales in the 2.0 to 2.5 tonnes category dropped by 5.8% from 42,811 to 40,318. New van sales in the category 2.5 to 3.5 tonnes dropped by 3% from 175,415 to 170,201.

It is interesting that there has been a fall in the sale of new vans in September as the same thing happened with new car sales last month.

The motor trade industry could do without news like this and it is to be hoped that the number of new vans that are registered starts to increase in October and beyond to try to make head-roads into the shortfall that has occurred on a year to date basis. We are sure that those of you working in the motor trade industry will share this view. After all, it is not just motor traders affected by these figures as a reduction in the sale of new vans also means that, potentially, there is less work for other areas of the motor trade industry such as the repair and servicing of vehicles.

Here at Motor Trade Insurance, we will continue to keep our readers up to date periodically when new sales figures are produced by the above.

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