Over recent years the van market has seen some spectacular growth, the last two being records for new LCV registrations. As with all good things, they eventually come to an end and this year we have seen the market settling down to more stable levels, albeit at a much higher level than anyone would have predicted five years ago.
Even with demand easing, the vehicle parc will continue to grow. Currently at 4.2m, we expect it to rise to 4.5m over the medium term. Not only are there more vans on the road, but they are larger with each carrying more goods for operators, and annual mileage is also increasing.
There are a number of reasons for this growth, in particular the rise of internet shopping and home deliveries. However a recent report by the RAC Foundation suggests this is not the whole picture. What may be driving the increase in van numbers is a structural shift in the way goods and services are delivered to businesses and the consumer.