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LCV registrations up 8.6% in January

The new light commercial vehicle market bounced back in January following a downturn in December.

White van on road
LCV registrations rose 8.6% in January

Latest figures from the Society of Motor Manufacturers and Traders (SMMT) show registrations rose 8.6% in January to 22,236 units – up 8.6% or 1,761 units on January 2019 – helped by new models and deals.

All segments saw growth in the month, except medium vans weighing 2.0-2.5 tonnes, where demand fell 3.9%. Car-derived vans weighing less than 2.0 tonnes and pickups both saw double-digit increases, by 31.7% and 13.4%, boosted by new model introductions and sales campaigns. Demand also grew for large vans weighing 2.5-3.5 tonnes, increasing by 7.1%, to 13,268 vehicles.

Mike Hawes, SMMT chief executive, said: “January’s positive performance follows a mixed 2018, which finished on a particularly poor December, so some bounce-back was to be expected. Further fluctuations in demand are predicted over the coming months as the UK’s post-Brexit future remains uncertain. Operators need stability to invest and renew their fleets, which now depends on government providing the right conditions starting with removing the threat of ‘no-deal’.”

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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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