UK new light commercial vehicle (LCV) registrations fell -11.0% in October. This represented the second consecutive monthly decline, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). The decline was seen by some 3,121 fewer models being registered in the month, as uncertainty and regulatory changes continued to affect the market.
Van Market Falls in October
In October, registrations of larger vans weighing 2.5-3.5 tonnes declined by -19.2%. Small vans weighing less than 2.0 tonnes and medium vans weighing 2.0-2.5 tonnes, on the other hand, posted rises of 2.0% and 31.0% respectively. The 4x4 segment also rose, up 65.0%, while pickup demand fell -12.0%. Despite the negative performance, year-to-date van registrations remain up 3.1% with 311,989 new vehicles joining UK roads so far in 2019.
Mike Hawes, SMMT Chief Executive, said, “A second consecutive month of decline for new van registrations gives cause for concern, as uncertainty continues to have a negative impact on the purchasing of big ticket items. We need to reverse this trend, getting more of the latest models onto our roads to help improve air quality especially in urban areas. Crucial to this will be restoring economic and political stability to the UK, giving businesses the confidence to invest in their fleets.”