In June 2021, almost 35,000 new vans hit the British roads amidst the ongoing global semiconductor shortages which has slowed a bumper recovery for the van market.
According to the latest figures released by Society of Motor Manufacturers and Traders (SMMT), a total of 34,635 new vans were registered in June.
This number is up 14.4% on the same month of the previous year, however it was down 13.9% on the same month in 2019 as a result of the semiconductor shortage.
The global crisis has halted assembly lines worldwide as automotive manufacturers struggle to get hold of the semiconductor chips used in digital displays and stability controls within vehicles.
Despite the impact of this shortage, the market seems to be back on the rise after a bumper recovery beginning in April and May of 2021.
Check out our infographic below for all the key information highlighted in the SMMT’s latest figures.
LCV Market Infographic slowed by semiconductor shortage. Click to view full size
Demand for vans has been particularly bolstered by operators looking to renew and expand their fleets to meet the rising demands of online deliveries and a growing demand from the construction industry.
Online delivery businesses have unsurprisingly benefited from the home-bound consumers throughout the lockdown months of the pandemic, as we highlighted in a previous article.
Has your business struggled to get hold of vehicles as a result of the semiconductor shortages?
Let us know on our recent LinkedIn post
Data provided by the Society of Motor Manufacturers and Traders (SMMT)
For the full data & statistics visit: www.smmt.co.uk/2021/07/lcv-market-recovery-slowed-only-by-supply-shortages-as-almost-35000-new-vans-hit-british-roads/