Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo

SMMT forecasts a slow down in LCV registrations

By / 3 weeks ago / News / No Comments

Latest forecasts by the SMMT indicate a slowing down of the LCV market compared to last year.

SMMT forecasts a slow down in LCV registrations

SMMT forecasts a slow down in LCV registrations

The SMMT predicts that 2017 will see a drop in the LCV market of 2.8%, compared to the 2016 figure. In addition, a further near-flatline is predicted for 2018 with LCV registrations predicted to be 0.361 million units, 1.1% down on the 2017 forecast.

Likewise, 2019 predictions indicate a further drop to 0.354 million, down 5.8% compared to 2016’s 0.376 peak level, the Society added.

So far this year, 4x4s have witnessed a -46.5% change, vans <= 2.0t -25.5%, vans >2.0-25.t -10.7%. However, vans > 2.5-3.5t and pickups have seen a marginal rise of 0.1% and 0.4% respectively, year-to-date.

Manufacturers IVECO, Vauxhall, Renault have experienced some of the greatest reductions in registrations in 2017 compared to last year, year-to-date, while Toyota, Fiat and Peugeot have all bucked the market trend and seen relatively significant rises in registrations with +52.5%, +12.61% and +12.26% respectively.

The overall market drop predictions reflect the SMMT’s forecasts for cars and diesel cars, which the Society says will diminish in registrations by a greater degree than the LCV market. 2017 car registrations are predicted to end 4.7% down on 2016’s level of 2.693 million, for example.

Forecasts will next be revised in January 2018 and posted during the weekend 2 February. Forecasts are revised on a quarterly basis in January, April, July and October.

Light commercial vehicles (LCV, to 3.5t gvw) at 0.376m, was 0.372m at 2015 and level was 0.240 in 2012.

For more of the latest industry news, click here.

Related Post

Jonathan Musk

Jonathan turned to motoring journalism in 2013 having founded, edited and produced Autovolt – one of the UK’s leading electric car publications. He has also written and produced books on both Ferrari and Hispano-Suiza, while working as an international graphic designer for the past 15 years. As the automotive industry moves towards electrification, Jonathan brings a near-unrivalled knowledge of EVs and hybrids to Fleet World Group.