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UK New Van Market Drops in November

UK Van Market Drops November

The UK new light commercial vehicle (LCV) registrations fell -9.6% in November, which represents the third consecutive month of decline, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT).

9.6% Drop-Off in LCV Registrations for November

Market uncertainty and regulatory changes continued to affect performance, with some 2,797 fewer models registered in the month as all van categories and 4x4s experienced sharp declines.

In November, registrations of small vans weighing less than 2.0 tonnes and medium vans weighing 2.0-2.5 tonnes fell by -24.0% and -19.4% respectively. Demand for larger vans weighing 2.5-3.5 tonnes also declined, down -11.4%, and the 4×4 segment fell too, down -12.4%, while pickups were the only category to see growth, up 17.2%.

However, performance in the year to date is still up, however, rising 1.9%, with an extra 6,451 new LCVs joining UK roads.

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