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LCV market rises 9.6% in November  

New light commercial vehicle registrations increased by 9.6% in November to 29,035 units.

White van on road
LCV registrations rose 9.6% in November

The figures released today by the Society of Motor Manufacturers and Traders (SMMT) show demand for pick-ups and 2.5-3.5t vans increased by 15.8% and 12.9% respectively, as new model introductions took off, counteracting falls in other segments of the market. Small and medium vans experienced declines, both falling -4.1%.

For the year to date, demand for new LCVs is broadly stable, down -0.7% compared with the same period last year, with 331,776 new vans and pick-ups registered in the UK – 2,357 fewer than the first 11 months of 2017.

Mike Hawes, SMMT chief executive, said: “The rise in demand for new high-tech, low emission vehicles in November is certainly good news. However, overall, the LCV market has been affected by weaker business confidence caused by economic uncertainty, reflected in fluctuating demand throughout the year. Operators need stability to invest and renew their fleets, which now depends on government providing the right conditions.”

Commenting on the figures, Russell Adams, commercial vehicle manager at Lex Autolease, added: “The fact that we have comfortably passed the 300,000 mark is testament to the strength of the light commercial vehicle market. For operators, ensuring a reliable and effective fleet is crucial and new vehicles are central to this, no matter the wider economic environment.

“In the run-up to Christmas I’d expect a steep increase in short-term hires as delivery firms and retailers look to bolster their fleet to meet peak demand.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

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