New van sales jumped nearly 11% last month.
September registrations rose 10.8% to 54,497 units, mean 269,456 commercial vehicles have been added to UK roads so far this year, a 12.6% increase on the same nine months in 2013.
Van market continues to drive growth; up 18.1% year-to-date to 242,071, and 14.1% in September to 49,123 units.
Truck registrations fell by 12.3% in September, continuing trend for the year-to-date – down 20.3%.
Rolling year totals remain strong due to the pre-Euro-6 rush in late 2013.
“With businesses feeling increased economic confidence and downsizing from larger vehicles, the van market has delivered another strong performance,” said Mike Hawes, SMMT Chief Executive.
“This has also yielded growth in the whole commercial vehicle market, continuing the positivity seen throughout the majority of the year.
“We are yet to see the truck market show signs of significant recovery following a flurry of registrations ahead of the Euro-6 introduction last year, which tempered demand going in to 2014.”
Meanwhile, Average values for light commercial vehicles remained at near record levels in September according BCA’s latest Pulse report, as professional buyers competed strongly for the stock on offer and supplies of retail-ready vans continued to be scarce.
The average van at BCA sold for £5,560 in September, the third highest monthly average value on record.
Compared to August, part-exchange values increased, while fleet & lease and nearly-new values declined.
Year-on-year values remain well ahead by £402 (7.7%), with age falling and mileage static. Performance against CAP was down by just over a point compared to 2013.
BCA’s General Manager – Commercial Vehicles, Duncan Ward, commented “There can be little doubt that the improving economic background is giving a boost to the used LCV market, and small and medium-sized enterprises (SMEs) remain positive about future prospects. The shortage of good retail quality stock is helping to keep values firm and competition is high for well-presented vans in good colours.”
He added “We are now moving into the time of year when the demand for parcel, courier and delivery vans of all types and capacities starts to ramp up, and this will help to keep values firm over the coming weeks.”
Values for fleet and lease LCVs averaged £6,550 in September with CAP performance improving by half a point to 103.5% and retained value against Manufacturer Recommended Price falling slightly compared to August at 36.26%. Year-on-year, values were up by £142 (2.2%), with performance against CAP down by one and half points on 2013.