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Seven people were still in hospital in a stable condition as of the latest police update.
The man, who The Times has reported as being believed to be a business owner, lives in a detached home in a Liverpool suburb with his teacher wife and their children.
Social media posts show he has taken part in triathlons and enjoyed holidays to exotic destinations.
READ MORE:Main road to be closed 'for some time' after crashREAD MORE:Police issue update as seven still in hospital after Liverpool parade crash horror
Police are continuing to examine what they described as “horrific” dashcam footage from the people carrier believed to have been used in the incident on Monday in the city centre.
Police have arrest a man in connection with the crash(Image: andrewlawrencecomedy/Instagram )
A mechanic who serviced a dark grey Ford Galaxy owned by the family last year confirmed the vehicle matched the one involved.
Officers were seen outside the family’s four-bedroom home following the arrest, which happened late on Monday night.
He’s the last person on this street I would have thought would be connected to something like that.
“I feel awfully sorry for the people who were hurt during the parade.
But I feel very sorry for his family as well, who always struck me as nice, decent people.”
CCTV captures a car driving down Dale Street moments before the crash(Image: Daily Mirror)
Another neighbour recalled the suspect once coming over in the middle of the night to help when their alarm system malfunctioned.
A former resident of the same street said: “I briefly chatted to him six months ago.
He seemed fairly normal, and as people go quite down to earth and a normal, well balanced guy.”
He added: “He was quite proud of his oldest child, and he was telling me how well they were doing.
I got the sense he’s proud of his family.”
Another former neighbour said the suspect’s family were “very nice, very friendly”, and had shown kindness to her elderly mother.
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The crash is not being treated as a terrorist incident.
Merseyside Police said they are reviewing CCTV from around the area as part of their investigation.
It is also understood that dashcam footage from the suspect’s vehicle is being examined and may be used as evidence in any future case.